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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 2,730, 973 total housing units (homes and apartments), and a median house value of $101,852, 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.
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 31.61%, which ranks in the top 30% nationwide. This equates to an annual average Many house appreciation rate of 2.78%.
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 0.08%, 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 2.37%, which equates to an annual appreciation rate of 9.83%.
Importantly, this makes Many one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Louisiana, our data show that Many's latest annual appreciation rate is lower than 80% of the other cities and towns in Louisiana.
|$795,001 - $1,059,000||0.0|
|$529,001 - $795,000||0.0|
|$423,001 - $529,000||1.9|
|$318,001 - $423,000||3.0|
|$212,001 - $318,000||3.8|
|$106,001 - $212,000||36.2|
|$53,001 - $106,000||28.3|
|$0 - $53,000||26.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Many HOMES|
|2000 or Newer||6.8|
|1970 - 1999||41.5|
|1940 - 1969||47.1|
|1939 or Older||4.5|
|TYPE OF Many HOMES|
|Small Apt. Buildings||16.2|
|SIZE OF Many HOMES|
|5 or more bedrooms||1.11|