Plaquemine, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Plaquemine, 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

Plaquemine Housing Market Information

With 6,871 people, 2,748 houses or apartments, and a median cost of homes of $137,919, house prices in Plaquemine are solidly below the national average.

Single-family detached homes are the single most common housing type in Plaquemine, accounting for 85.36% of the city's housing units. Other types of housing that are prevalent in Plaquemine include duplexes, homes converted to apartments or other small apartment buildings ( 5.25%), large apartment complexes or high rise apartments ( 3.74%), and a few mobile homes or trailers ( 3.45%).

The most prevalent building size and type in Plaquemine are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.48% owning and 35.52% renting.

There is a lot of housing in Plaquemine 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 Plaquemine built between 1940-1969 ( 31.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.28%). There's also some housing in Plaquemine built before 1939 ( 15.64%).

Vacant housing appears to be an issue in Plaquemine. Fully 11.41% of the housing stock is classified as vacant. Left unchecked, vacant Plaquemine homes and apartments can be a drag on the real estate market, holding Plaquemine 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.

Plaquemine Home Appreciation Rates

In the last 10 years, Plaquemine has experienced some of the highest home appreciation rates of any community in the nation. Plaquemine real estate appreciated 21.05% over the last ten years, which is an average annual home appreciation rate of 1.93%, putting Plaquemine in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Plaquemine definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Plaquemine's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Plaquemine's appreciation rate has been 0.12%, which annualizes to a rate of 0.50%.

Relative to Louisiana, our data show that Plaquemine's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$137,919

Plaquemine, LA HOME PRICES

Value Range
> $1,097,000 0.2
$823,001 - $1,097,000 0.0
$549,001 - $823,000 0.4
$439,001 - $549,000 0.2
$329,001 - $439,000 2.4
$219,001 - $329,000 20.2
$110,001 - $219,000 39.6
$55,001 - $110,000 25.7
$0 - $55,000 11.3

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
55.7892886440877 27.1777003484321

Number Of Homes And Apartments:
2,748

Plaquemine 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
49.77% 2.37% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$763 / per month

Homeownership Rate

Homeownership
Owners 64.48
Renters 35.52
Vacant 11.41

Housing Market Details

 

Age of Homes

AGE OF Plaquemine HOMES
2000 or Newer 19.3
1970 - 1999 33.3
1940 - 1969 31.8
1939 or Older 15.6

Types of Homes

TYPE OF Plaquemine HOMES
Single-Family 85.4
Townhomes 0.9
Small Apt. Buildings 5.3
Apt. Complexes 3.7
Mobile Homes 3.4
Other 1.3

Home Size

SIZE OF Plaquemine HOMES
No Bedroom 0.84
1 Bedroom 5.74
2 Bedrooms 25.37
3 Bedrooms 56.29
4 Bedrooms 11.41
5 or more bedrooms 0.35

Popular Neighborhoods in Plaquemine

Zip Codes in Plaquemine, LA