New Roads, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Roads Neighborhoods Since 2000




New Roads, 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 Roads Housing Market Information

With 4,697 people, 1,826 houses or apartments, and a median cost of homes of $114,038, house prices in New Roads are solidly below the national average.

Single-family detached homes are the single most common housing type in New Roads, accounting for 69.49% 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 ( 14.78%), mobile homes or trailers ( 7.41%), and a few large apartment complexes or high rise apartments ( 5.91%).

The most prevalent building size and type in New Roads are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.67% owning and 46.33% renting.

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 ( 31.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.01%). There's also some housing in New Roads built before 1939 ( 8.59%).

Vacant housing appears to be an issue in New Roads. Fully 16.96% 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

In the last 10 years, New Roads has experienced some of the highest home appreciation rates of any community in the nation. New Roads real estate appreciated 16.03% over the last ten years, which is an average annual home appreciation rate of 1.50%, putting New Roads in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, New Roads definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, New Roads's appreciation rate, at 3.24%, has been at or slightly above the national average. In the latest quarter, New Roads's appreciation rate has been 0.12%, which annualizes to a rate of 0.50%.

Relative to Louisiana, our data show that New Roads's latest annual appreciation rate is higher than 80% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$114,038

New Roads, LA HOME PRICES

Value Range
> $1,063,000 0.0
$798,001 - $1,063,000 1.9
$532,001 - $798,000 2.7
$425,001 - $532,000 5.3
$319,001 - $425,000 3.4
$213,001 - $319,000 20.8
$106,001 - $213,000 26.0
$53,001 - $106,000 24.8
$0 - $53,000 15.1

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
68.9148013594281 48.780487804878

Number Of Homes And Apartments:
1,826

New Roads 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
63.26% 2.88% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$712 / per month

Homeownership Rate

Homeownership
Owners 53.67
Renters 46.33
Vacant 16.96

Housing Market Details

 

Age of Homes

AGE OF New Roads HOMES
2000 or Newer 16.0
1970 - 1999 43.9
1940 - 1969 31.5
1939 or Older 8.6

Types of Homes

TYPE OF New Roads HOMES
Single-Family 69.5
Townhomes 2.4
Small Apt. Buildings 14.8
Apt. Complexes 5.9
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF New Roads HOMES
No Bedroom 2.14
1 Bedroom 10.87
2 Bedrooms 24.74
3 Bedrooms 45.79
4 Bedrooms 14.87
5 or more bedrooms 1.59

Popular Neighborhoods in New Roads

Zip Codes in New Roads, LA