New Iberia, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating New Iberia Neighborhoods Since 2000




New Iberia, 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

New Iberia Housing Market Information

With 30,754 people, 11,352 houses or apartments, and a median cost of homes of $111,163, house prices in New Iberia are solidly below the national average.

Single-family detached homes are the single most common housing type in New Iberia, accounting for 68.85% of the city's housing units. Other types of housing that are prevalent in New Iberia include large apartment complexes or high rise apartments ( 11.18%), mobile homes or trailers ( 10.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.93%).

The most prevalent building size and type in New Iberia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.62% owning and 40.38% renting.

There is a lot of housing in New Iberia 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 New Iberia built between 1940-1969 ( 38.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.29%). There's also some housing in New Iberia built before 1939 ( 11.13%).

Vacant housing appears to be an issue in New Iberia. Fully 13.14% of the housing stock is classified as vacant. Left unchecked, vacant New Iberia homes and apartments can be a drag on the real estate market, holding New Iberia 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.

New Iberia Home Appreciation Rates

Appreciation rates for homes in New Iberia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.13%, which ranks in the top 30% nationwide. This equates to an annual average New Iberia house appreciation rate of 1.33%.

Over the last year, New Iberia appreciation rates have trailed the rest of the nation. In the last twelve months, New Iberia's appreciation rate has been -0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Iberia were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Louisiana, our data show that New Iberia's latest annual appreciation rate is lower than 80% 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 city. Individual neighborhoods within New Iberia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Iberia - 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 New Iberia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$111,163

New Iberia, LA HOME PRICES

Value Range
> $1,064,000 0.3
$798,001 - $1,064,000 0.8
$532,001 - $798,000 0.5
$426,001 - $532,000 0.7
$319,001 - $426,000 2.3
$213,001 - $319,000 6.7
$106,001 - $213,000 33.4
$53,001 - $106,000 31.2
$0 - $53,000 24.2

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
70.678542130552 50.1742160278746

Number Of Homes And Apartments:
11,352

New Iberia 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
58.36% 2.70% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$865 / per month

Homeownership Rate

Homeownership
Owners 59.62
Renters 40.38
Vacant 13.14

Housing Market Details

 

Age of Homes

AGE OF New Iberia HOMES
2000 or Newer 11.3
1970 - 1999 38.9
1940 - 1969 38.7
1939 or Older 11.1

Types of Homes

TYPE OF New Iberia HOMES
Single-Family 68.9
Townhomes 1.4
Small Apt. Buildings 7.9
Apt. Complexes 11.2
Mobile Homes 10.6
Other 0.0

Home Size

SIZE OF New Iberia HOMES
No Bedroom 2.15
1 Bedroom 10.27
2 Bedrooms 31.64
3 Bedrooms 43.86
4 Bedrooms 9.52
5 or more bedrooms 2.56