Laplace, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Laplace Neighborhoods Since 2000




Laplace, 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

Laplace Housing Market Information

With 28,317 people, 9,768 houses or apartments, and a median cost of homes of $156,163, Laplace real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Laplace, accounting for 81.08% of the town's housing units. Other types of housing that are prevalent in Laplace include duplexes, homes converted to apartments or other small apartment buildings ( 7.26%), mobile homes or trailers ( 6.60%), and a few large apartment complexes or high rise apartments ( 3.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Laplace. Owner-occupied housing accounts for 72.87% of Laplace's homes, and 80.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Laplace 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 Laplace built between 2000 and later ( 17.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.24%). There's also some housing in Laplace built before 1939 ( 1.96%).

Vacant housing appears to be an issue in Laplace. Fully 11.79% of the housing stock is classified as vacant. Left unchecked, vacant Laplace homes and apartments can be a drag on the real estate market, holding Laplace 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.

Laplace Home Appreciation Rates

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

Over the last year, Laplace appreciation rates have trailed the rest of the nation. In the last twelve months, Laplace's appreciation rate has been 0.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Laplace were at -1.40%, which equates to an annual appreciation rate of -5.49%.

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

Relative to Louisiana, our data show that Laplace's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Laplace differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Laplace - 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 Laplace real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$156,163

Laplace, LA HOME PRICES

Value Range
> $1,046,000 0.3
$785,001 - $1,046,000 0.5
$523,001 - $785,000 0.6
$419,001 - $523,000 0.7
$314,001 - $419,000 3.1
$209,001 - $314,000 21.9
$105,001 - $209,000 57.7
$52,001 - $105,000 11.2
$0 - $52,000 4.1

Very High for LA
Average for Nation

Value Relative to Nation Value Relative to State
47.345599437478 18.1184668989547

Number Of Homes And Apartments:
9,768

Laplace 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
34.85% 1.75% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,127 / per month

Homeownership Rate

Homeownership
Owners 72.87
Renters 27.13
Vacant 11.79

Housing Market Details

 

Age of Homes

AGE OF Laplace HOMES
2000 or Newer 17.9
1970 - 1999 63.9
1940 - 1969 16.2
1939 or Older 2.0

Types of Homes

TYPE OF Laplace HOMES
Single-Family 81.1
Townhomes 1.7
Small Apt. Buildings 7.3
Apt. Complexes 3.2
Mobile Homes 6.6
Other 0.1

Home Size

SIZE OF Laplace HOMES
No Bedroom 0.45
1 Bedroom 1.62
2 Bedrooms 15.14
3 Bedrooms 58.95
4 Bedrooms 21.42
5 or more bedrooms 2.42