Many, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Many Neighborhoods Since 2000




Many, LA Real Estate Data


Many Housing Market Information

With 2,790 people, 1,014 houses or apartments, and a median cost of homes of $81,163, house prices in Many are some of the most affordable in Louisiana as well as the nation.

Single-family detached homes are the single most common housing type in Many, accounting for 59.18% of the town's housing units. Other types of housing that are prevalent in Many include mobile homes or trailers ( 18.13%), duplexes, homes converted to apartments or other small apartment buildings ( 14.27%), and a few large apartment complexes or high rise apartments ( 6.71%).

People in Many primarily live in small (one, two or no bedroom) single-family detached homes. Many has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Many 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 Many built between 1940-1969 ( 42.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.34%). There's also some housing in Many built before 1939 ( 6.48%).

Vacant housing appears to be an issue in Many. Fully 21.76% of the housing stock is classified as vacant. Left unchecked, vacant Many homes and apartments can be a drag on the real estate market, holding Many 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.

Many Home Appreciation Rates

In the last 10 years, Many has experienced some of the highest home appreciation rates of any community in the nation. Many real estate appreciated 46.08% over the last ten years, which is an average annual home appreciation rate of 3.86%, putting Many in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Many definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Many's appreciation rate, at 5.23%, has been at or slightly above the national average. In the latest quarter, Many's appreciation rate has been 0.57%, which annualizes to a rate of 2.31%.

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

Relative to Louisiana, our data show that Many's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$81,163

Many, LA HOME PRICES

Value Range
> $1,161,000 0.0
$871,001 - $1,161,000 0.0
$580,001 - $871,000 0.0
$464,001 - $580,000 1.4
$348,001 - $464,000 0.8
$232,001 - $348,000 8.9
$116,001 - $232,000 23.9
$58,001 - $116,000 39.0
$0 - $58,000 26.0

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
90.6423844937635 80.5555555555556

Number Of Homes And Apartments:
1,014

Rent & Ownership

 

Average Market Rent:
$620 / per month

Homeownership Rate

Homeownership
Owners 35.21
Renters 64.79
Vacant 21.76

Housing Market Details

 

Age of Homes

AGE OF Many HOMES
2000 or Newer 9.3
1970 - 1999 42.1
1940 - 1969 42.1
1939 or Older 6.5

Types of Homes

TYPE OF Many HOMES
Single-Family 59.2
Townhomes 1.7
Small Apt. Buildings 14.3
Apt. Complexes 6.7
Mobile Homes 18.1
Other 0.0

Home Size

SIZE OF Many HOMES
No Bedroom 4.01
1 Bedroom 8.49
2 Bedrooms 40.20
3 Bedrooms 37.96
4 Bedrooms 9.34
5 or more bedrooms 0.00

Many Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
111.34% 4.50% 10 10
* 10 is highest

Popular Neighborhoods in Many

Popular Communities Near Many, LA

Zip Codes in Many, LA