Jena, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Jena Neighborhoods Since 2000




Jena, 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

Jena Housing Market Information

With 3,417 people, 1,461 houses or apartments, and a median cost of homes of $81,672, house prices in Jena are some of the most affordable in Louisiana as well as the nation.

Single-family detached homes are the single most common housing type in Jena, accounting for 68.11% of the town's housing units. Other types of housing that are prevalent in Jena include mobile homes or trailers ( 23.16%), duplexes, homes converted to apartments or other small apartment buildings ( 7.34%), and a few large apartment complexes or high rise apartments ( 1.38%).

People in Jena primarily live in small (one, two or no bedroom) single-family detached homes. Jena has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Jena 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 Jena built between 1940-1969 ( 18.71%). A lesser amount of the housing stock also hails from before 1939 ( 15.13%). There's also some housing in Jena built between 2000 and later ( 6.09%).

Jena Home Appreciation Rates

Appreciation rates for homes in Jena have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.11%, which ranks in the top 30% nationwide. This equates to an annual average Jena house appreciation rate of 0.97%.

Over the last year, Jena appreciation rates have trailed the rest of the nation. In the last twelve months, Jena's appreciation rate has been 0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jena were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Louisiana, our data show that Jena's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$81,672

Jena, LA HOME PRICES

Value Range
> $1,065,000 0.0
$799,001 - $1,065,000 0.0
$532,001 - $799,000 1.4
$426,001 - $532,000 0.0
$320,001 - $426,000 0.3
$213,001 - $320,000 12.4
$107,001 - $213,000 17.5
$53,001 - $107,000 41.0
$0 - $53,000 27.4

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
89.4351341849291 81.8815331010453

Number Of Homes And Apartments:
1,461

Jena 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
64.02% 2.91% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$727 / per month

Homeownership Rate

Homeownership
Owners 63.80
Renters 36.20
Vacant 8.29

Housing Market Details

 

Age of Homes

AGE OF Jena HOMES
2000 or Newer 6.1
1970 - 1999 60.1
1940 - 1969 18.7
1939 or Older 15.1

Types of Homes

TYPE OF Jena HOMES
Single-Family 68.1
Townhomes 0.0
Small Apt. Buildings 7.3
Apt. Complexes 1.4
Mobile Homes 23.2
Other 0.0

Home Size

SIZE OF Jena HOMES
No Bedroom 1.32
1 Bedroom 11.42
2 Bedrooms 39.23
3 Bedrooms 33.96
4 Bedrooms 13.81
5 or more bedrooms 0.25

Popular Neighborhoods in Jena

Zip Codes in Jena, LA