Many, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Many, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Many Housing Market Information

With 2,730 people, 973 houses or apartments, and a median cost of homes of $98,775, house prices in Many are solidly below the national average.

Single-family detached homes are the single most common housing type in Many, accounting for 61.62% of the town's housing units. Other types of housing that are prevalent in Many include duplexes, homes converted to apartments or other small apartment buildings ( 16.17%), mobile homes or trailers ( 14.13%), and a few large apartment complexes or high rise apartments ( 8.09%).

The most prevalent building size and type in Many are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 38.40% owning and 61.60% 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. Many's housing was primarily built during this period, from the '40s through the '60s. A full 47.15% of the town's housing hails from this era. Other housing ages represented in Many include homes built between 1970-1999 ( 41.53%) and housing constructed between 2000 and later ( 6.81%). There's also some housing in Many built before 1939 ( 4.51%).

Vacant housing appears to be an issue in Many. Fully 17.19% 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

Appreciation rates for homes in Many have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 27.23%, which ranks in the top 30% nationwide. This equates to an annual average Many house appreciation rate of 2.44%.

Over the last year, Many appreciation rates have trailed the rest of the nation. In the last twelve months, Many's appreciation rate has been -4.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Many were at -1.27%, which equates to an annual appreciation rate of -5.00%.

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 lower than 90% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$98,775

Many, LA HOME PRICES

Value Range
> $1,027,000 0.0
$771,001 - $1,027,000 0.0
$514,001 - $771,000 0.0
$411,001 - $514,000 2.1
$308,001 - $411,000 3.3
$206,001 - $308,000 8.0
$103,001 - $206,000 34.7
$51,001 - $103,000 28.5
$0 - $51,000 23.3

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
83.5970802919708 68.1660899653979

Number Of Homes And Apartments:
973

Many Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
96.52% 3.57%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$616 / per month

Homeownership Rate

Homeownership
Owners 38.40
Renters 61.60
Vacant 17.19

Housing Market Details

 

Age of Homes

AGE OF Many HOMES
2000 or Newer 6.8
1970 - 1999 41.5
1940 - 1969 47.1
1939 or Older 4.5

Types of Homes

TYPE OF Many HOMES
Single-Family 61.6
Townhomes 0.0
Small Apt. Buildings 16.2
Apt. Complexes 8.1
Mobile Homes 14.1
Other 0.0

Home Size

SIZE OF Many HOMES
No Bedroom 3.23
1 Bedroom 8.94
2 Bedrooms 34.30
3 Bedrooms 42.04
4 Bedrooms 10.38
5 or more bedrooms 1.11

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Zip Codes in Many, LA