Pollock, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pollock, LA Real Estate Data


Pollock Housing Market Information

With a population of 475, 168 total housing units (homes and apartments), and a median house value of $108,474, house prices in Pollock are solidly below the national average.

Single-family detached homes are the single most common housing type in Pollock, accounting for 81.41% of the town's housing units. Other types of housing that are prevalent in Pollock include mobile homes or trailers ( 9.55%), duplexes, homes converted to apartments or other small apartment buildings ( 8.04%).

The most prevalent building size and type in Pollock are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.36% owning and 44.64% renting.

There is a lot of housing in Pollock 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 Pollock built between 1940-1969 ( 28.14%). A lesser amount of the housing stock also hails from before 1939 ( 15.08%). There's also some housing in Pollock built between 2000 and later ( 14.07%).

Vacant housing appears to be an issue in Pollock. Fully 15.58% of the housing stock is classified as vacant. Left unchecked, vacant Pollock homes and apartments can be a drag on the real estate market, holding Pollock 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.

Pollock Home Appreciation Rates

Appreciation rates for homes in Pollock have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.67%, which ranks in the top 30% nationwide. This equates to an annual average Pollock house appreciation rate of 1.20%.

Over the last year, Pollock appreciation rates have trailed the rest of the nation. In the last twelve months, Pollock's appreciation rate has been 1.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pollock were at 1.10%, which equates to an annual appreciation rate of 4.46%.

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

Average Home Values

 

Median Home Value:
$108,474

Pollock, LA HOME PRICES

Value Range
> $1,070,000 0.0
$803,001 - $1,070,000 0.9
$535,001 - $803,000 1.1
$428,001 - $535,000 0.9
$322,001 - $428,000 1.3
$214,001 - $322,000 10.2
$107,001 - $214,000 33.1
$53,001 - $107,000 24.8
$0 - $53,000 27.6

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
73.4028225098085 52.7777777777778

Number Of Homes And Apartments:
168

Rent & Ownership

 

Average Market Rent:
$986 / per month

Homeownership Rate

Homeownership
Owners 55.36
Renters 44.64
Vacant 15.58

Housing Market Details

 

Age of Homes

AGE OF Pollock HOMES
2000 or Newer 14.1
1970 - 1999 42.7
1940 - 1969 28.1
1939 or Older 15.1

Types of Homes

TYPE OF Pollock HOMES
Single-Family 81.4
Townhomes 0.0
Small Apt. Buildings 8.0
Apt. Complexes 0.0
Mobile Homes 9.5
Other 1.0

Home Size

SIZE OF Pollock HOMES
No Bedroom 0.00
1 Bedroom 9.55
2 Bedrooms 27.64
3 Bedrooms 56.28
4 Bedrooms 6.53
5 or more bedrooms 0.00

Pollock Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.13% 2.22% 2 5
* 10 is highest

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