Jennings, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Jennings Neighborhoods Since 2000




Jennings, 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

Jennings Housing Market Information

With a population of 10,180, 3,844 total housing units (homes and apartments), and a median house value of $123,846, house prices in Jennings are solidly below the national average.

Single-family detached homes are the single most common housing type in Jennings, accounting for 76.78% of the city's housing units. Other types of housing that are prevalent in Jennings include mobile homes or trailers ( 12.07%), duplexes, homes converted to apartments or other small apartment buildings ( 6.62%), and a few row houses and other attached homes ( 2.79%).

The most prevalent building size and type in Jennings are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.93% owning and 39.07% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jennings's housing was primarily built during this period, from the '40s through the '60s. A full 43.27% of the city's housing hails from this era. Other housing ages represented in Jennings include homes built between 1970-1999 ( 34.43%) and housing constructed before 1939 ( 14.40%). There's also some housing in Jennings built between 2000 and later ( 7.89%).

Vacant housing appears to be an issue in Jennings. Fully 15.48% of the housing stock is classified as vacant. Left unchecked, vacant Jennings homes and apartments can be a drag on the real estate market, holding Jennings 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.

Jennings Home Appreciation Rates

In the last 10 years, Jennings has experienced some of the highest home appreciation rates of any community in the nation. Jennings real estate appreciated 26.70% over the last ten years, which is an average annual home appreciation rate of 2.39%, putting Jennings in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Jennings definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Jennings appreciation rates have trailed the rest of the nation. In the last twelve months, Jennings's appreciation rate has been -0.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jennings were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Louisiana, our data show that Jennings's latest annual appreciation rate is lower than 70% 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 Jennings differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Jennings - 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 Jennings real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$123,846

Jennings, LA HOME PRICES

Value Range
> $1,070,000 0.0
$803,001 - $1,070,000 0.0
$535,001 - $803,000 2.1
$428,001 - $535,000 1.4
$321,001 - $428,000 0.2
$214,001 - $321,000 4.0
$107,001 - $214,000 37.9
$53,001 - $107,000 30.2
$0 - $53,000 24.3

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
63.2251259814837 40.0696864111498

Number Of Homes And Apartments:
3,844

Jennings 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
59.22% 2.73% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$707 / per month

Homeownership Rate

Homeownership
Owners 60.93
Renters 39.07
Vacant 15.48

Housing Market Details

 

Age of Homes

AGE OF Jennings HOMES
2000 or Newer 7.9
1970 - 1999 34.4
1940 - 1969 43.3
1939 or Older 14.4

Types of Homes

TYPE OF Jennings HOMES
Single-Family 76.8
Townhomes 2.8
Small Apt. Buildings 6.6
Apt. Complexes 1.7
Mobile Homes 12.1
Other 0.0

Home Size

SIZE OF Jennings HOMES
No Bedroom 0.53
1 Bedroom 7.59
2 Bedrooms 29.09
3 Bedrooms 52.35
4 Bedrooms 9.19
5 or more bedrooms 1.25