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 about Scout's Real Estate Data
With 4,956 people, 1,974 houses or apartments, and a median cost of homes of $163,302, house prices in Port Allen are solidly below the national average.
Single-family detached homes are the single most common housing type in Port Allen, accounting for 83.03% of the city's housing units. Other types of housing that are prevalent in Port Allen include mobile homes or trailers ( 6.61%), duplexes, homes converted to apartments or other small apartment buildings ( 6.22%), and a few row houses and other attached homes ( 2.39%).
The most prevalent building size and type in Port Allen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.74% owning and 40.26% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Port Allen's housing was primarily built during this period, from the '40s through the '60s. A full 46.17% of the city's housing hails from this era. Other housing ages represented in Port Allen include homes built between 1970-1999 ( 27.68%) and housing constructed before 1939 ( 20.54%). There's also some housing in Port Allen built between 2000 and later ( 5.61%).
Vacant housing appears to be an issue in Port Allen. Fully 14.10% of the housing stock is classified as vacant. Left unchecked, vacant Port Allen homes and apartments can be a drag on the real estate market, holding Port Allen 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Port Allen, where house values have increased just 31.55%, which is annualized rate of 2.78%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Port Allen appreciation rates have trailed the rest of the nation. In the last twelve months, Port Allen's appreciation rate has been 7.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Allen were at -0.72%, which equates to an annual appreciation rate of -2.86%.
Relative to Louisiana, our data show that Port Allen's latest annual appreciation rate is lower than 70% of the other cities and towns in Louisiana.
$1,522 / per month