Meraux, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Meraux Neighborhoods Since 2000




Meraux, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Meraux Housing Market Information

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.

Meraux Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$201,288

Meraux, LA HOME PRICES

Value Range
> $1,110,000 0.0
$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

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
31.9289816008438 7.31707317073171

Number Of Homes And Apartments:
2,040

Meraux Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
26.95% 1.39% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$899 / per month

Homeownership Rate

Homeownership
Owners 80.05
Renters 19.95
Vacant 10.21

Housing Market Details

 

Age of Homes

AGE OF Meraux HOMES
2000 or Newer 31.0
1970 - 1999 51.1
1940 - 1969 16.9
1939 or Older 1.0

Types of Homes

TYPE OF Meraux HOMES
Single-Family 86.3
Townhomes 0.2
Small Apt. Buildings 6.3
Apt. Complexes 2.9
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Meraux HOMES
No Bedroom 0.35
1 Bedroom 0.00
2 Bedrooms 20.33
3 Bedrooms 60.78
4 Bedrooms 16.55
5 or more bedrooms 1.98