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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Pearl River HOMES|
|2000 or Newer||34.4|
|1970 - 1999||43.0|
|1940 - 1969||19.0|
|1939 or Older||3.6|
|TYPE OF Pearl River HOMES|
|Small Apt. Buildings||3.5|
|SIZE OF Pearl River HOMES|
|5 or more bedrooms||2.31|