Houma, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Houma Neighborhoods Since 2000




Houma, LA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Houma Housing Market Information

With 34,287 people, 12,167 houses or apartments, and a median cost of homes of $129,685, house prices in Houma are solidly below the national average.

Single-family detached homes are the single most common housing type in Houma, accounting for 76.57% of the city's housing units. Other types of housing that are prevalent in Houma include large apartment complexes or high rise apartments ( 8.63%), duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), and a few mobile homes or trailers ( 6.50%).

The most prevalent building size and type in Houma are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.81% owning and 35.19% renting.

There is a lot of housing in Houma built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Houma built between 1940-1969 ( 39.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.22%). There's also some housing in Houma built before 1939 ( 6.04%).

Houma Home Appreciation Rates

Appreciation rates for homes in Houma have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.85%, which ranks in the top 30% nationwide. This equates to an annual average Houma house appreciation rate of 1.31%.

Over the last year, Houma appreciation rates have trailed the rest of the nation. In the last twelve months, Houma's appreciation rate has been -0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Houma were at -0.97%, which equates to an annual appreciation rate of -3.82%.

Notably, Houma's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Houma's latest annual appreciation rate is lower than 80% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Houma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Houma - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Houma real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$129,685

Houma, LA HOME PRICES

Value Range
> $1,034,000 2.0
$775,001 - $1,034,000 0.9
$517,001 - $775,000 1.7
$413,001 - $517,000 1.5
$310,001 - $413,000 5.7
$207,001 - $310,000 15.4
$103,001 - $207,000 43.6
$52,001 - $103,000 15.1
$0 - $52,000 14.1

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
60.0550802765733 33.4494773519164

Number Of Homes And Apartments:
12,167

Houma Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
59.13% 2.73% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$951 / per month

Homeownership Rate

Homeownership
Owners 64.81
Renters 35.19
Vacant 9.40

Housing Market Details

 

Age of Homes

AGE OF Houma HOMES
2000 or Newer 14.2
1970 - 1999 40.4
1940 - 1969 39.3
1939 or Older 6.0

Types of Homes

TYPE OF Houma HOMES
Single-Family 76.6
Townhomes 1.1
Small Apt. Buildings 7.2
Apt. Complexes 8.6
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Houma HOMES
No Bedroom 1.40
1 Bedroom 10.84
2 Bedrooms 22.21
3 Bedrooms 49.48
4 Bedrooms 13.49
5 or more bedrooms 2.58