Pearl River, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pearl River, LA Housing Market Trends

With 2,610 people, 902 houses or apartments, and a median cost of homes of $204,257, 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 80.98% of the town's housing units. Other types of housing that are prevalent in Pearl River include mobile homes or trailers ( 14.97%), duplexes, homes converted to apartments or other small apartment buildings ( 2.81%).

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 76.94% of Pearl River's homes, and 75.26% have either three or four bedrooms, which is average sized relative to America.

Pearl River homes and real estate are some of the newest in America. 46.78% of Pearl River's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Pearl River real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.96%), and between 1940-1969 ( 21.93%). There's also some housing in Pearl River built before 1939 ( 3.33%).

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 1.64%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pearl River's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Pearl River's appreciation rate has been 1.53%, which annualizes to a rate of 6.28%.

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 90% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$204,257

Pearl River, LA HOME PRICES

> $1,093,000
0.5%
0.5%
$819,001 - $1,093,000
0.0%
0.0%
$546,001 - $819,000
0.4%
0.4%
$437,001 - $546,000
1.6%
1.6%
$328,001 - $437,000
11.3%
11.3%
$218,001 - $328,000
24.0%
24.0%
$109,001 - $218,000
33.5%
33.5%
$55,001 - $109,000
11.1%
11.1%
$0 - $55,000
17.5%
17.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for LA

Value Relative To Nation

Number Of Homes And Apartments:
902

Pearl River Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
52.26% 2.02%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,033 / per month

Homeownership Rate

Owners
76.9%
76.9%
Renters
23.1%
23.1%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
46.8%
46.8%
1970 - 1999
28.0%
28.0%
1940 - 1969
21.9%
21.9%
1939 or Older
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.0%
81.0%
Townhomes
0.7%
0.7%
Small Apt. Buildings
2.8%
2.8%
Apt. Complexes
0.0%
0.0%
Mobile Homes
15.0%
15.0%
Other
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
2.0%
2.0%
2 Bedrooms
19.3%
19.3%
3 Bedrooms
63.4%
63.4%
4 Bedrooms
11.9%
11.9%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Pearl River

Zip Codes in Pearl River, LA