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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



New Roads, LA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

New Roads, LA Housing Market Trends

With a population of 4,383, 1,774 total housing units (homes and apartments), and a median house value of $270,697, New Roads real estate is some of the most expensive in Louisiana, although New Roads home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in New Roads, accounting for 79.60% of the city's housing units. Other types of housing that are prevalent in New Roads include duplexes, homes converted to apartments or other small apartment buildings ( 9.38%), large apartment complexes or high rise apartments ( 4.33%), and a few mobile homes or trailers ( 3.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Roads. Owner-occupied housing accounts for 69.19% of New Roads's homes, and 60.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in New Roads 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 Roads built between 1940-1969 ( 24.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.69%). There's also some housing in New Roads built before 1939 ( 6.86%).

Vacant housing appears to be an issue in New Roads. Fully 25.37% of the housing stock is classified as vacant. Left unchecked, vacant New Roads homes and apartments can be a drag on the real estate market, holding New Roads 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 Roads Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in New Roads, where house values have increased just 27.07%, which is annualized rate of 2.42%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, New Roads appreciation rates have trailed the rest of the nation. In the last twelve months, New Roads's appreciation rate has been -0.12%, 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 Roads were at -2.78%, which equates to an annual appreciation rate of -10.66%.

Notably, New Roads's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that New Roads's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.

Average Home Values

Median Home Value

$270,697

New Roads, LA Home Prices
> $1,178,000
$883,001 - $1,178,000
$589,001 - $883,000
$471,001 - $589,000
$353,001 - $471,000
$235,001 - $353,000
$118,001 - $235,000
$59,001 - $118,000
$0 - $59,000
0.2%
0.2%
0.3%
0.3%
1.5%
1.5%
8.1%
8.1%
20.2%
20.2%
18.2%
18.2%
36.3%
36.3%
10.0%
10.0%
5.3%
5.3%
0% 100.0%
% of Homes
Very High

for Louisiana

Average

for nation

Number of Homes And Apartments:

1,774

New Roads Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,405 / per month

Homeownership Rate

Owners
Renters
69.2%
69.2%
30.8%
30.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
25.4%
25.4%
74.6%
74.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.7%
19.7%
49.4%
49.4%
24.0%
24.0%
6.9%
6.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.6%
79.6%
3.2%
3.2%
9.4%
9.4%
4.3%
4.3%
3.5%
3.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
13.9%
13.9%
24.9%
24.9%
53.1%
53.1%
7.3%
7.3%
0.5%
0.5%
0% 100.0%
% of Homes

Popular Neighborhoods in New Roads

Zip Codes in New Roads, LA