Newellton, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Newellton, 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

Newellton Housing Market Information

With 1,074 people, 448 houses or apartments, and a median cost of homes of $90,787, house prices in Newellton are solidly below the national average.

Single-family detached homes are the single most common housing type in Newellton, accounting for 92.62% of the town's housing units. Other types of housing that are prevalent in Newellton include mobile homes or trailers ( 2.92%), large apartment complexes or high rise apartments ( 1.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.72%).

The most prevalent building size and type in Newellton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.68% owning and 50.32% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Newellton's housing was primarily built during this period, from the '40s through the '60s. A full 59.35% of the town's housing hails from this era. Other housing ages represented in Newellton include homes built between 1970-1999 ( 38.25%) and housing constructed between 2000 and later ( 2.40%).

Vacant housing appears to be an issue in Newellton. Fully 23.16% of the housing stock is classified as vacant. Left unchecked, vacant Newellton homes and apartments can be a drag on the real estate market, holding Newellton 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.

Newellton Home Appreciation Rates

Appreciation rates for homes in Newellton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.75%, which ranks in the top 40% nationwide. This equates to an annual average Newellton house appreciation rate of 0.66%.

Over the last year, Newellton appreciation rates have trailed the rest of the nation. In the last twelve months, Newellton's appreciation rate has been -0.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newellton were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Louisiana, our data show that Newellton's latest annual appreciation rate is lower than 70% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$90,787

Newellton, LA HOME PRICES

Value Range
> $1,068,000 1.4
$801,001 - $1,068,000 0.0
$534,001 - $801,000 0.0
$427,001 - $534,000 2.1
$320,001 - $427,000 6.8
$213,001 - $320,000 6.1
$107,001 - $213,000 26.3
$53,001 - $107,000 24.3
$0 - $53,000 32.9

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
83.4407594046642 71.7770034843206

Number Of Homes And Apartments:
448

Newellton 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
77.66% 3.39% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$542 / per month

Homeownership Rate

Homeownership
Owners 49.68
Renters 50.32
Vacant 23.16

Housing Market Details

 

Age of Homes

AGE OF Newellton HOMES
2000 or Newer 2.4
1970 - 1999 38.3
1940 - 1969 59.3
1939 or Older 0.0

Types of Homes

TYPE OF Newellton HOMES
Single-Family 92.6
Townhomes 0.9
Small Apt. Buildings 1.7
Apt. Complexes 1.9
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Newellton HOMES
No Bedroom 0.34
1 Bedroom 4.80
2 Bedrooms 33.62
3 Bedrooms 56.43
4 Bedrooms 4.12
5 or more bedrooms 0.69

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