Leesville, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Leesville, 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

Leesville Housing Market Information

With 6,333 people, 2,478 houses or apartments, and a median cost of homes of $107,749, house prices in Leesville are solidly below the national average.

Single-family detached homes are the single most common housing type in Leesville, accounting for 65.54% of the city's housing units. Other types of housing that are prevalent in Leesville include duplexes, homes converted to apartments or other small apartment buildings ( 14.48%), large apartment complexes or high rise apartments ( 12.18%), and a few mobile homes or trailers ( 5.40%).

The most prevalent building size and type in Leesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.19% owning and 58.81% renting.

There is a lot of housing in Leesville 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 Leesville built between 1940-1969 ( 34.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.98%). There's also some housing in Leesville built before 1939 ( 3.44%).

Vacant housing appears to be an issue in Leesville. Fully 18.83% of the housing stock is classified as vacant. Left unchecked, vacant Leesville homes and apartments can be a drag on the real estate market, holding Leesville 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.

Leesville Home Appreciation Rates

In the last 10 years, Leesville has experienced some of the highest home appreciation rates of any community in the nation. Leesville real estate appreciated 18.05% over the last ten years, which is an average annual home appreciation rate of 1.67%, putting Leesville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Leesville 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, Leesville appreciation rates have trailed the rest of the nation. In the last twelve months, Leesville's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Leesville were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

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

Average Home Values

 

Median Home Value:
$107,749

Leesville, LA HOME PRICES

Value Range
> $1,074,000 0.3
$806,001 - $1,074,000 0.1
$537,001 - $806,000 1.0
$430,001 - $537,000 0.6
$322,001 - $430,000 1.5
$215,001 - $322,000 5.2
$108,001 - $215,000 33.5
$54,001 - $108,000 40.7
$0 - $54,000 17.1

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
72.7206140864878 52.787456445993

Number Of Homes And Apartments:
2,478

Leesville 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
64.16% 2.91% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$973 / per month

Homeownership Rate

Homeownership
Owners 41.19
Renters 58.81
Vacant 18.83

Housing Market Details

 

Age of Homes

AGE OF Leesville HOMES
2000 or Newer 5.0
1970 - 1999 57.1
1940 - 1969 34.5
1939 or Older 3.4

Types of Homes

TYPE OF Leesville HOMES
Single-Family 65.5
Townhomes 2.4
Small Apt. Buildings 14.5
Apt. Complexes 12.2
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Leesville HOMES
No Bedroom 2.85
1 Bedroom 14.02
2 Bedrooms 26.04
3 Bedrooms 43.11
4 Bedrooms 11.27
5 or more bedrooms 2.72

Popular Neighborhoods in Leesville

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Zip Codes in Leesville, LA