Lacombe, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lacombe, 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

Lacombe Housing Market Information

With a population of 9,143, 3,273 total housing units (homes and apartments), and a median house value of $175,957, Lacombe real estate is some of the most expensive in Louisiana, although Lacombe home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Lacombe, accounting for 74.10% of the town's housing units. Other types of housing that are prevalent in Lacombe include mobile homes or trailers ( 23.46%), duplexes, homes converted to apartments or other small apartment buildings ( 1.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lacombe. Owner-occupied housing accounts for 84.10% of Lacombe's homes, and 71.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lacombe 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 Lacombe built between 2000 and later ( 26.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.63%).

Vacant housing appears to be an issue in Lacombe. Fully 15.14% of the housing stock is classified as vacant. Left unchecked, vacant Lacombe homes and apartments can be a drag on the real estate market, holding Lacombe 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.

Lacombe Home Appreciation Rates

Lacombe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lacombe during the period has been just -1.34%, which is lower than 80% of US communities.

Over the last year, Lacombe appreciation rates have trailed the rest of the nation. In the last twelve months, Lacombe's appreciation rate has been 0.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lacombe were at -1.40%, which equates to an annual appreciation rate of -5.49%.

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

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

Average Home Values

 

Median Home Value:
$175,957

Lacombe, LA HOME PRICES

Value Range
> $1,054,000 0.0
$790,001 - $1,054,000 0.0
$527,001 - $790,000 1.0
$422,001 - $527,000 2.4
$316,001 - $422,000 8.1
$211,001 - $316,000 26.0
$105,001 - $211,000 36.9
$53,001 - $105,000 17.3
$0 - $53,000 8.5

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
39.6197117074886 11.1498257839721

Number Of Homes And Apartments:
3,273

Lacombe 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
36.51% 1.82% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$922 / per month

Homeownership Rate

Homeownership
Owners 84.10
Renters 15.90
Vacant 15.14

Housing Market Details

 

Age of Homes

AGE OF Lacombe HOMES
2000 or Newer 26.6
1970 - 1999 62.1
1940 - 1969 10.6
1939 or Older 0.6

Types of Homes

TYPE OF Lacombe HOMES
Single-Family 74.1
Townhomes 0.5
Small Apt. Buildings 1.2
Apt. Complexes 0.8
Mobile Homes 23.5
Other 0.0

Home Size

SIZE OF Lacombe HOMES
No Bedroom 1.58
1 Bedroom 3.94
2 Bedrooms 22.12
3 Bedrooms 52.48
4 Bedrooms 18.62
5 or more bedrooms 1.27

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Zip Codes in Lacombe, LA