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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,209 people, 1,823 houses or apartments, and a median cost of homes of $117,932, house prices in Kaplan are solidly below the national average.
Single-family detached homes are the single most common housing type in Kaplan, accounting for 89.97% of the city's housing units. Other types of housing that are prevalent in Kaplan include large apartment complexes or high rise apartments ( 6.00%), mobile homes or trailers ( 2.87%), and a few row houses and other attached homes ( 1.16%).
The most prevalent building size and type in Kaplan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.77% owning and 39.23% 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. Kaplan'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 Kaplan include homes built between 1970-1999 ( 39.35%) and housing constructed before 1939 ( 9.72%). There's also some housing in Kaplan built between 2000 and later ( 7.66%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Kaplan, where house values have increased just 25.70%, which is annualized rate of 2.31%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Kaplan appreciation rates have trailed the rest of the nation. In the last twelve months, Kaplan's appreciation rate has been -3.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kaplan were at -3.58%, which equates to an annual appreciation rate of -13.55%.
Notably, Kaplan's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Kaplan's latest annual appreciation rate is lower than 90% of the other cities and towns in Louisiana.
$117,932
for Louisiana
for nation
1,823
$967 / per month