Marrero, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marrero, LA Real Estate Data


Marrero Housing Market Information

With 33,391 people, 12,191 houses or apartments, and a median cost of homes of $140,929, house prices in Marrero are solidly below the national average.

Single-family detached homes are the single most common housing type in Marrero, accounting for 79.11% of the town's housing units. Other types of housing that are prevalent in Marrero include large apartment complexes or high rise apartments ( 6.95%), duplexes, homes converted to apartments or other small apartment buildings ( 6.95%), and a few row houses and other attached homes ( 4.62%).

The most prevalent building size and type in Marrero are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.91% owning and 37.09% 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. Marrero's housing was primarily built during this period, from the '40s through the '60s. A full 46.82% of the town's housing hails from this era. Other housing ages represented in Marrero include homes built between 1970-1999 ( 39.56%) and housing constructed between 2000 and later ( 9.67%). There's also some housing in Marrero built before 1939 ( 3.95%).

Marrero Home Appreciation Rates

Real estate appreciation rates in Marrero's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.12% during the period.

NeighborhoodScout's data show that during the latest twelve months, Marrero's appreciation rate, at 5.58%, has been at or slightly above the national average. In the latest quarter, Marrero's appreciation rate has been 2.47%, which annualizes to a rate of 10.24%.

Relative to Louisiana, our data show that Marrero's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within Marrero differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marrero - 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 Marrero real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$140,929

Marrero, LA HOME PRICES

Value Range
> $1,084,000 0.3
$813,001 - $1,084,000 0.0
$542,001 - $813,000 0.2
$433,001 - $542,000 0.5
$325,001 - $433,000 1.2
$217,001 - $325,000 7.0
$108,001 - $217,000 62.4
$54,001 - $108,000 21.7
$0 - $54,000 6.8

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
55.1677695145517 29.5138888888889

Number Of Homes And Apartments:
12,191

Rent & Ownership

 

Average Market Rent:
$986 / per month

Homeownership Rate

Homeownership
Owners 62.91
Renters 37.09
Vacant 9.24

Housing Market Details

 

Age of Homes

AGE OF Marrero HOMES
2000 or Newer 9.7
1970 - 1999 39.6
1940 - 1969 46.8
1939 or Older 3.9

Types of Homes

TYPE OF Marrero HOMES
Single-Family 79.1
Townhomes 4.6
Small Apt. Buildings 6.9
Apt. Complexes 6.9
Mobile Homes 2.3
Other 0.1

Home Size

SIZE OF Marrero HOMES
No Bedroom 2.14
1 Bedroom 8.70
2 Bedrooms 19.00
3 Bedrooms 54.70
4 Bedrooms 14.21
5 or more bedrooms 1.25

Marrero 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
44.97% 2.21% 2 5
* 10 is highest