Mandeville, LA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mandeville, LA Housing Market Trends

With a population of 12,475, 4,718 total housing units (homes and apartments), and a median house value of $347,361, Mandeville real estate is some of the most expensive in Louisiana, although Mandeville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Mandeville, accounting for 62.79% of the city's housing units. Other types of housing that are prevalent in Mandeville include large apartment complexes or high rise apartments ( 19.14%), duplexes, homes converted to apartments or other small apartment buildings ( 10.89%), and a few row houses and other attached homes ( 6.80%).

The most prevalent building size and type in Mandeville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.53% owning and 36.47% renting.

There is a lot of housing in Mandeville 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 Mandeville built between 2000 and later ( 25.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.74%). There's also some housing in Mandeville built before 1939 ( 6.24%).

Mandeville Home Appreciation Rates

Real estate appreciation rates in Mandeville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.09% during the period.

Over the last year, Mandeville appreciation rates have trailed the rest of the nation. In the last twelve months, Mandeville's appreciation rate has been 6.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mandeville were at 1.96%, which equates to an annual appreciation rate of 8.08%.

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

Relative to Louisiana, our data show that Mandeville's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Mandeville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mandeville - 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 Mandeville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$347,361

Mandeville, LA HOME PRICES

> $1,203,000
2.2%
2.2%
$902,001 - $1,203,000
5.4%
5.4%
$602,001 - $902,000
7.3%
7.3%
$481,001 - $602,000
7.6%
7.6%
$361,001 - $481,000
21.9%
21.9%
$241,001 - $361,000
27.9%
27.9%
$120,001 - $241,000
24.9%
24.9%
$60,001 - $120,000
2.8%
2.8%
$0 - $60,000
0.1%
0.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for LA

Value Relative To Nation

Number Of Homes And Apartments:
4,718

Mandeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
90.64% 3.05%
8
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,572 / per month

Homeownership Rate

Owners
63.5%
63.5%
Renters
36.5%
36.5%
Vacant
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
25.7%
25.7%
1970 - 1999
59.3%
59.3%
1940 - 1969
8.7%
8.7%
1939 or Older
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.8%
62.8%
Townhomes
6.8%
6.8%
Small Apt. Buildings
10.9%
10.9%
Apt. Complexes
19.1%
19.1%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
10.2%
10.2%
2 Bedrooms
22.6%
22.6%
3 Bedrooms
30.5%
30.5%
4 Bedrooms
28.0%
28.0%
5 or more bedrooms
5.9%
5.9%
0.0% 100.0%
% OF HOMES