Lake Providence, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lake Providence, 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

Lake Providence Housing Market Information

With a population of 3,715, 1,689 total housing units (homes and apartments), and a median house value of $112,081, house prices in Lake Providence are solidly below the national average.

Single-family detached homes are the single most common housing type in Lake Providence, accounting for 71.30% of the town's housing units. Other types of housing that are prevalent in Lake Providence include mobile homes or trailers ( 14.04%), duplexes, homes converted to apartments or other small apartment buildings ( 11.89%), and a few large apartment complexes or high rise apartments ( 2.77%).

The most prevalent building size and type in Lake Providence are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 39.99% owning and 60.01% renting.

There is a lot of housing in Lake Providence 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 Lake Providence built between 1940-1969 ( 41.62%). A lesser amount of the housing stock also hails from before 1939 ( 8.66%). There's also some housing in Lake Providence built between 2000 and later ( 6.77%).

Vacant housing appears to be an issue in Lake Providence. Fully 13.43% of the housing stock is classified as vacant. Left unchecked, vacant Lake Providence homes and apartments can be a drag on the real estate market, holding Lake Providence 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.

Lake Providence Home Appreciation Rates

In the last 10 years, Lake Providence has experienced some of the highest home appreciation rates of any community in the nation. Lake Providence real estate appreciated 34.41% over the last ten years, which is an average annual home appreciation rate of 3.00%, putting Lake Providence in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lake Providence 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, Lake Providence appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Providence's appreciation rate has been 1.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Providence were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Louisiana, our data show that Lake Providence's latest annual appreciation rate is lower than 50% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$112,081

Lake Providence, LA HOME PRICES

Value Range
> $1,118,000 0.0
$839,001 - $1,118,000 0.0
$559,001 - $839,000 1.0
$447,001 - $559,000 1.7
$335,001 - $447,000 0.9
$224,001 - $335,000 7.5
$112,001 - $224,000 15.6
$56,001 - $112,000 16.7
$0 - $56,000 56.7

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
70.0632837220204 49.8257839721254

Number Of Homes And Apartments:
1,689

Lake Providence 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
85.71% 3.65% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$643 / per month

Homeownership Rate

Homeownership
Owners 39.99
Renters 60.01
Vacant 13.43

Housing Market Details

 

Age of Homes

AGE OF Lake Providence HOMES
2000 or Newer 6.8
1970 - 1999 43.0
1940 - 1969 41.6
1939 or Older 8.7

Types of Homes

TYPE OF Lake Providence HOMES
Single-Family 71.3
Townhomes 0.0
Small Apt. Buildings 11.9
Apt. Complexes 2.8
Mobile Homes 14.0
Other 0.0

Home Size

SIZE OF Lake Providence HOMES
No Bedroom 1.13
1 Bedroom 7.74
2 Bedrooms 31.73
3 Bedrooms 47.98
4 Bedrooms 9.38
5 or more bedrooms 2.05

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Zip Codes in Lake Providence, LA