Pearl River, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pearl River, 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

Pearl River Housing Market Information

With 2,530 people, 833 houses or apartments, and a median cost of homes of $165,188, Pearl River real estate is some of the most expensive in Louisiana, although Pearl River home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Pearl River, accounting for 66.88% of the town's housing units. Other types of housing that are prevalent in Pearl River include mobile homes or trailers ( 28.39%), duplexes, homes converted to apartments or other small apartment buildings ( 3.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pearl River. Owner-occupied housing accounts for 75.15% of Pearl River's homes, and 73.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pearl River 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 Pearl River built between 2000 and later ( 34.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.03%). There's also some housing in Pearl River built before 1939 ( 3.58%).

Vacant housing appears to be an issue in Pearl River. Fully 12.41% of the housing stock is classified as vacant. Left unchecked, vacant Pearl River homes and apartments can be a drag on the real estate market, holding Pearl River 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.

Pearl River Home Appreciation Rates

Pearl River's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pearl River during the period has been just -0.98%, which is lower than 70% of US communities.

Over the last year, Pearl River appreciation rates have trailed the rest of the nation. In the last twelve months, Pearl River's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pearl River were at -1.40%, which equates to an annual appreciation rate of -5.49%.

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

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

Average Home Values

 

Median Home Value:
$165,188

Pearl River, LA HOME PRICES

Value Range
> $1,096,000 0.0
$822,001 - $1,096,000 0.0
$548,001 - $822,000 0.6
$438,001 - $548,000 2.6
$329,001 - $438,000 8.3
$219,001 - $329,000 21.5
$109,001 - $219,000 35.3
$55,001 - $109,000 16.1
$0 - $55,000 15.8

Very High for LA
Average for Nation

Value Relative to Nation Value Relative to State
43.5778741357084 12.8919860627178

Number Of Homes And Apartments:
833

Pearl River 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
40.75% 2.00% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$916 / per month

Homeownership Rate

Homeownership
Owners 75.15
Renters 24.85
Vacant 12.41

Housing Market Details

 

Age of Homes

AGE OF Pearl River HOMES
2000 or Newer 34.4
1970 - 1999 43.0
1940 - 1969 19.0
1939 or Older 3.6

Types of Homes

TYPE OF Pearl River HOMES
Single-Family 66.9
Townhomes 0.5
Small Apt. Buildings 3.5
Apt. Complexes 0.0
Mobile Homes 28.4
Other 0.7

Home Size

SIZE OF Pearl River HOMES
No Bedroom 0.42
1 Bedroom 3.15
2 Bedrooms 20.61
3 Bedrooms 50.89
4 Bedrooms 22.61
5 or more bedrooms 2.31

Popular Neighborhoods in Pearl River

Zip Codes in Pearl River, LA