Kentwood, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Kentwood Neighborhoods Since 2000




Kentwood, 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

Kentwood Housing Market Information

With 2,340 people, 930 houses or apartments, and a median cost of homes of $71,999, house prices in Kentwood 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 Kentwood, accounting for 70.67% of the town's housing units. Other types of housing that are prevalent in Kentwood include mobile homes or trailers ( 24.86%), duplexes, homes converted to apartments or other small apartment buildings ( 2.29%), and a few large apartment complexes or high rise apartments ( 2.19%).

The most prevalent building size and type in Kentwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.19% owning and 37.81% renting.

There is a lot of housing in Kentwood 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 Kentwood built between 1940-1969 ( 27.71%). A lesser amount of the housing stock also hails from before 1939 ( 12.00%). There's also some housing in Kentwood built between 2000 and later ( 11.05%).

Vacant housing appears to be an issue in Kentwood. Fully 11.43% of the housing stock is classified as vacant. Left unchecked, vacant Kentwood homes and apartments can be a drag on the real estate market, holding Kentwood 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.

Kentwood Home Appreciation Rates

Appreciation rates for homes in Kentwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.58%, which ranks in the top 50% nationwide. This equates to an annual average Kentwood house appreciation rate of 0.16%.

NeighborhoodScout's data show that during the latest twelve months, Kentwood's appreciation rate, at 5.10%, has been at or slightly above the national average. In the latest quarter, Kentwood's appreciation rate has been 2.29%, which annualizes to a rate of 9.50%.

Importantly, this makes Kentwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Louisiana, our data show that Kentwood's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$71,999

Kentwood, LA HOME PRICES

Value Range
> $1,059,000 0.0
$794,001 - $1,059,000 0.0
$529,001 - $794,000 0.7
$423,001 - $529,000 1.6
$318,001 - $423,000 3.6
$212,001 - $318,000 5.9
$106,001 - $212,000 16.6
$53,001 - $106,000 35.6
$0 - $53,000 36.0

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
94.3923590765264 90.2439024390244

Number Of Homes And Apartments:
930

Kentwood 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
34.62% 1.74% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,023 / per month

Homeownership Rate

Homeownership
Owners 62.19
Renters 37.81
Vacant 11.43

Housing Market Details

 

Age of Homes

AGE OF Kentwood HOMES
2000 or Newer 11.0
1970 - 1999 49.2
1940 - 1969 27.7
1939 or Older 12.0

Types of Homes

TYPE OF Kentwood HOMES
Single-Family 70.7
Townhomes 0.0
Small Apt. Buildings 2.3
Apt. Complexes 2.2
Mobile Homes 24.9
Other 0.0

Home Size

SIZE OF Kentwood HOMES
No Bedroom 0.48
1 Bedroom 4.86
2 Bedrooms 24.38
3 Bedrooms 55.90
4 Bedrooms 13.14
5 or more bedrooms 1.24

Popular Neighborhoods in Kentwood

Zip Codes in Kentwood, LA