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 7,195, 2,040 total housing units (homes and apartments), and a median house value of $201,288, Meraux real estate is some of the most expensive in Louisiana, although Meraux home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Meraux, accounting for 86.31% of the town's housing units. Other types of housing that are prevalent in Meraux include duplexes, homes converted to apartments or other small apartment buildings ( 6.29%), mobile homes or trailers ( 4.27%), and a few large apartment complexes or high rise apartments ( 2.95%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Meraux. Owner-occupied housing accounts for 80.05% of Meraux's homes, and 77.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Meraux 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 Meraux built between 2000 and later ( 31.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.95%).
Vacant housing appears to be an issue in Meraux. Fully 10.21% of the housing stock is classified as vacant. Left unchecked, vacant Meraux homes and apartments can be a drag on the real estate market, holding Meraux 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 Meraux have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.65%, which ranks in the top 30% nationwide. This equates to an annual average Meraux house appreciation rate of 1.11%.
Over the last year, Meraux appreciation rates have trailed the rest of the nation. In the last twelve months, Meraux's appreciation rate has been 1.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Meraux were at -1.40%, which equates to an annual appreciation rate of -5.49%.
Notably, Meraux's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Meraux's latest annual appreciation rate is higher than 60% of the other cities and towns in Louisiana.
|$833,001 - $1,110,000||0.0|
|$555,001 - $833,000||0.6|
|$445,001 - $555,000||2.2|
|$333,001 - $445,000||8.4|
|$222,001 - $333,000||12.6|
|$111,001 - $222,000||58.3|
|$55,001 - $111,000||12.8|
|$0 - $55,000||5.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Meraux HOMES|
|2000 or Newer||31.0|
|1970 - 1999||51.1|
|1940 - 1969||16.9|
|1939 or Older||1.0|
|TYPE OF Meraux HOMES|
|Small Apt. Buildings||6.3|
|SIZE OF Meraux HOMES|
|5 or more bedrooms||1.98|