Port Allen, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Port Allen, 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

Port Allen Housing Market Information

With 5,130 people, 2,299 houses or apartments, and a median cost of homes of $124,737, 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 84.75% 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 ( 7.60%), mobile homes or trailers ( 4.44%), and a few large apartment complexes or high rise apartments ( 3.21%).

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 62.15% owning and 37.85% 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 45.86% of the city's housing hails from this era. Other housing ages represented in Port Allen include homes built between 1970-1999 ( 30.97%) and housing constructed between 2000 and later ( 13.43%). There's also some housing in Port Allen built before 1939 ( 9.74%).

Port Allen Home Appreciation Rates

Appreciation rates for homes in Port Allen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.48%, which ranks in the top 40% nationwide. This equates to an annual average Port Allen house appreciation rate of 0.82%.

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 2.23%, 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 0.12%, which equates to an annual appreciation rate of 0.50%.

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

Average Home Values

 

Median Home Value:
$124,737

Port Allen, LA HOME PRICES

Value Range
> $1,069,000 0.0
$801,001 - $1,069,000 0.0
$534,001 - $801,000 0.7
$428,001 - $534,000 0.2
$321,001 - $428,000 3.5
$214,001 - $321,000 10.8
$107,001 - $214,000 46.3
$53,001 - $107,000 27.3
$0 - $53,000 11.2

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
62.7036212352045 39.3728222996516

Number Of Homes And Apartments:
2,299

Port Allen 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
45.88% 2.21% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$735 / per month

Homeownership Rate

Homeownership
Owners 62.15
Renters 37.85
Vacant 8.95

Housing Market Details

 

Age of Homes

AGE OF Port Allen HOMES
2000 or Newer 13.4
1970 - 1999 31.0
1940 - 1969 45.9
1939 or Older 9.7

Types of Homes

TYPE OF Port Allen HOMES
Single-Family 84.8
Townhomes 0.0
Small Apt. Buildings 7.6
Apt. Complexes 3.2
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Port Allen HOMES
No Bedroom 0.00
1 Bedroom 5.58
2 Bedrooms 32.67
3 Bedrooms 50.34
4 Bedrooms 10.42
5 or more bedrooms 0.99

Popular Neighborhoods in Port Allen

Zip Codes in Port Allen, LA