Lockport, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lockport, LA Real Estate Data


Lockport Housing Market Information

With a population of 2,531, 945 total housing units (homes and apartments), and a median house value of $107,749, house prices in Lockport are solidly below the national average.

Single-family detached homes are the single most common housing type in Lockport, accounting for 74.29% of the town's housing units. Other types of housing that are prevalent in Lockport include mobile homes or trailers ( 9.93%), duplexes, homes converted to apartments or other small apartment buildings ( 7.59%), and a few large apartment complexes or high rise apartments ( 5.94%).

The most prevalent building size and type in Lockport are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.85% owning and 36.15% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lockport's housing was primarily built during this period, from the '40s through the '60s. A full 48.30% of the town's housing hails from this era. Other housing ages represented in Lockport include homes built between 1970-1999 ( 37.68%) and housing constructed before 1939 ( 9.74%). There's also some housing in Lockport built between 2000 and later ( 4.28%).

Lockport Home Appreciation Rates

Appreciation rates for homes in Lockport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.24%, which ranks in the top 40% nationwide. This equates to an annual average Lockport house appreciation rate of 0.79%.

Over the last year, Lockport appreciation rates have trailed the rest of the nation. In the last twelve months, Lockport's appreciation rate has been -1.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lockport were at -0.97%, which equates to an annual appreciation rate of -3.84%.

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

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

Average Home Values

 

Median Home Value:
$107,749

Lockport, LA HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 0.0
$507,001 - $761,000 0.0
$406,001 - $507,000 0.0
$304,001 - $406,000 3.8
$203,001 - $304,000 5.4
$101,001 - $203,000 46.0
$51,001 - $101,000 25.3
$0 - $51,000 19.4

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
72.5477557717098 53.6585365853659

Number Of Homes And Apartments:
945

Rent & Ownership

 

Average Market Rent:
$1,004 / per month

Homeownership Rate

Homeownership
Owners 63.85
Renters 36.15
Vacant 7.98

Housing Market Details

 

Age of Homes

AGE OF Lockport HOMES
2000 or Newer 4.3
1970 - 1999 37.7
1940 - 1969 48.3
1939 or Older 9.7

Types of Homes

TYPE OF Lockport HOMES
Single-Family 74.3
Townhomes 2.2
Small Apt. Buildings 7.6
Apt. Complexes 5.9
Mobile Homes 9.9
Other 0.0

Home Size

SIZE OF Lockport HOMES
No Bedroom 2.63
1 Bedroom 14.41
2 Bedrooms 32.04
3 Bedrooms 45.28
4 Bedrooms 4.38
5 or more bedrooms 1.27

Lockport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
68.46% 3.07% 7 8
* 10 is highest

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