Jeanerette, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jeanerette, 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

Jeanerette Housing Market Information

With a population of 5,527, 2,037 total housing units (homes and apartments), and a median house value of $86,502, house prices in Jeanerette are solidly below the national average.

Single-family detached homes are the single most common housing type in Jeanerette, accounting for 61.98% of the city's housing units. Other types of housing that are prevalent in Jeanerette include mobile homes or trailers ( 28.57%), duplexes, homes converted to apartments or other small apartment buildings ( 4.88%), and a few large apartment complexes or high rise apartments ( 4.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jeanerette. Owner-occupied housing accounts for 73.54% of Jeanerette's homes, and 61.36% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jeanerette 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 Jeanerette built between 1940-1969 ( 32.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.24%). There's also some housing in Jeanerette built before 1939 ( 8.60%).

Vacant housing appears to be an issue in Jeanerette. Fully 21.05% of the housing stock is classified as vacant. Left unchecked, vacant Jeanerette homes and apartments can be a drag on the real estate market, holding Jeanerette real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Jeanerette Home Appreciation Rates

Appreciation rates for homes in Jeanerette have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.06%, which ranks in the top 50% nationwide. This equates to an annual average Jeanerette house appreciation rate of 0.40%.

Over the last year, Jeanerette appreciation rates have trailed the rest of the nation. In the last twelve months, Jeanerette's appreciation rate has been 0.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jeanerette were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Louisiana, our data show that Jeanerette's latest annual appreciation rate is lower than 50% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$86,502

Jeanerette, LA HOME PRICES

Value Range
> $1,047,000 0.3
$785,001 - $1,047,000 0.0
$524,001 - $785,000 0.0
$419,001 - $524,000 0.0
$314,001 - $419,000 1.5
$210,001 - $314,000 10.5
$105,001 - $210,000 25.5
$52,001 - $105,000 28.7
$0 - $52,000 33.4

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
86.4701746161959 77.7003484320557

Number Of Homes And Apartments:
2,037

Jeanerette 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
45.77% 2.21% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$656 / per month

Homeownership Rate

Homeownership
Owners 73.54
Renters 26.46
Vacant 21.05

Housing Market Details

 

Age of Homes

AGE OF Jeanerette HOMES
2000 or Newer 11.2
1970 - 1999 47.2
1940 - 1969 33.0
1939 or Older 8.6

Types of Homes

TYPE OF Jeanerette HOMES
Single-Family 62.0
Townhomes 0.5
Small Apt. Buildings 4.9
Apt. Complexes 4.1
Mobile Homes 28.6
Other 0.0

Home Size

SIZE OF Jeanerette HOMES
No Bedroom 3.91
1 Bedroom 3.80
2 Bedrooms 27.87
3 Bedrooms 51.78
4 Bedrooms 9.57
5 or more bedrooms 3.06

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Zip Codes in Jeanerette, LA