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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.



Patterson, 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

Patterson, LA Housing Market Trends

With 5,720 people, 1,939 houses or apartments, and a median cost of homes of $106,572, house prices in Patterson are some of the most affordable in Louisiana as well as the nation.

Single-family detached homes are the single most common housing type in Patterson, accounting for 53.78% of the city's housing units. Other types of housing that are prevalent in Patterson include duplexes, homes converted to apartments or other small apartment buildings ( 22.25%), mobile homes or trailers ( 17.32%), and a few large apartment complexes or high rise apartments ( 6.65%).

The most prevalent building size and type in Patterson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.39% owning and 45.61% renting.

There is a lot of housing in Patterson 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 Patterson built between 2000 and later ( 21.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.96%). There's also some housing in Patterson built before 1939 ( 5.66%).

Vacant housing appears to be an issue in Patterson. Fully 16.24% of the housing stock is classified as vacant. Left unchecked, vacant Patterson homes and apartments can be a drag on the real estate market, holding Patterson 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.

Patterson Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Patterson, where house values have increased just 23.28%, which is annualized rate of 2.12%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Patterson appreciation rates have trailed the rest of the nation. In the last twelve months, Patterson's appreciation rate has been 3.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Patterson were at 2.57%, which equates to an annual appreciation rate of 10.67%.

Importantly, this makes Patterson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

Median Home Value

$106,572

Patterson, LA Home Prices
> $1,084,000
$813,001 - $1,084,000
$542,001 - $813,000
$434,001 - $542,000
$325,001 - $434,000
$217,001 - $325,000
$109,001 - $217,000
$54,001 - $109,000
$0 - $54,000
0.0%
0.0%
0.9%
0.9%
2.9%
2.9%
0.9%
0.9%
3.0%
3.0%
15.4%
15.4%
34.8%
34.8%
17.3%
17.3%
24.7%
24.7%
0% 100.0%
% of Homes
Very Low

for Louisiana

Very Low

for nation

Number of Homes And Apartments:

1,939

Patterson Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,029 / per month

Homeownership Rate

Owners
Renters
54.4%
54.4%
45.6%
45.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.2%
16.2%
83.8%
83.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.7%
21.7%
53.7%
53.7%
19.0%
19.0%
5.7%
5.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.8%
53.8%
0.0%
0.0%
22.2%
22.2%
6.7%
6.7%
17.3%
17.3%
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%
28.7%
28.7%
45.1%
45.1%
12.1%
12.1%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Patterson

Zip Codes in Patterson, LA