Port Allen, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Port Allen, LA Real Estate Data


Port Allen Housing Market Information

With 5,130 people, 2,237 houses or apartments, and a median cost of homes of $123,244, 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 83.50% of the city's housing units. Other types of housing that are prevalent in Port Allen include duplexes, homes converted to apartments or other small apartment buildings ( 7.86%), mobile homes or trailers ( 5.08%), and a few large apartment complexes or high rise apartments ( 3.56%).

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 61.01% owning and 38.99% 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 47.50% of the city's housing hails from this era. Other housing ages represented in Port Allen include homes built between 1970-1999 ( 32.51%) and housing constructed before 1939 ( 10.03%). There's also some housing in Port Allen built between 2000 and later ( 9.95%).

Port Allen Home Appreciation Rates

In the last 10 years, Port Allen has experienced some of the highest home appreciation rates of any community in the nation. Port Allen real estate appreciated 19.43% over the last ten years, which is an average annual home appreciation rate of 1.79%, putting Port Allen in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Allen definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 3.27%, 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 2.22%, which equates to an annual appreciation rate of 9.19%.

Relative to Louisiana, our data show that Port Allen's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$123,244

Port Allen, LA HOME PRICES

Value Range
> $1,087,000 0.0
$815,001 - $1,087,000 0.0
$543,001 - $815,000 0.4
$435,001 - $543,000 0.5
$327,001 - $435,000 2.3
$218,001 - $327,000 12.1
$109,001 - $218,000 39.1
$54,001 - $109,000 32.1
$0 - $54,000 13.7

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
64.4785383849622 41.3194444444444

Number Of Homes And Apartments:
2,237

Rent & Ownership

 

Average Market Rent:
$871 / per month

Homeownership Rate

Homeownership
Owners 61.01
Renters 38.99
Vacant 8.39

Housing Market Details

 

Age of Homes

AGE OF Port Allen HOMES
2000 or Newer 10.0
1970 - 1999 32.5
1940 - 1969 47.5
1939 or Older 10.0

Types of Homes

TYPE OF Port Allen HOMES
Single-Family 83.5
Townhomes 0.0
Small Apt. Buildings 7.9
Apt. Complexes 3.6
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Port Allen HOMES
No Bedroom 0.00
1 Bedroom 6.18
2 Bedrooms 28.99
3 Bedrooms 49.63
4 Bedrooms 14.33
5 or more bedrooms 0.86

Port Allen 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
49.35% 2.39% 3 6
* 10 is highest

Popular Neighborhoods in Port Allen

Zip Codes in Port Allen, LA