Prairieville, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Prairieville, LA Real Estate Data


Prairieville Housing Market Information

With 29,569 people, 9,576 houses or apartments, and a median cost of homes of $236,823, Prairieville real estate is some of the most expensive in Louisiana, although Prairieville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Prairieville, accounting for 81.31% of the town's housing units. Other types of housing that are prevalent in Prairieville include mobile homes or trailers ( 15.98%), row houses and other attached homes ( 1.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Prairieville. Owner-occupied housing accounts for 88.90% of Prairieville's homes, and 81.98% have either three or four bedrooms, which is average sized relative to America.

Prairieville homes and real estate are some of the newest in America. 46.72% of Prairieville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Prairieville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.92%), and between 1940-1969 ( 6.43%).

Prairieville Home Appreciation Rates

In the last 10 years, Prairieville has experienced some of the highest home appreciation rates of any community in the nation. Prairieville real estate appreciated 22.45% over the last ten years, which is an average annual home appreciation rate of 2.05%, putting Prairieville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Prairieville 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, Prairieville's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, Prairieville's appreciation rate has been 2.22%, which annualizes to a rate of 9.19%.

Relative to Louisiana, our data show that Prairieville's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$236,823

Prairieville, LA HOME PRICES

Value Range
> $1,134,000 0.4
$851,001 - $1,134,000 1.0
$568,001 - $851,000 1.2
$454,001 - $568,000 4.4
$340,001 - $454,000 14.2
$227,001 - $340,000 31.5
$114,001 - $227,000 35.2
$57,001 - $114,000 6.0
$0 - $57,000 6.2

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
25.2327692217603 3.47222222222222

Number Of Homes And Apartments:
9,576

Rent & Ownership

 

Average Market Rent:
$1,502 / per month

Homeownership Rate

Homeownership
Owners 88.90
Renters 11.10
Vacant 5.95

Housing Market Details

 

Age of Homes

AGE OF Prairieville HOMES
2000 or Newer 46.7
1970 - 1999 45.9
1940 - 1969 6.4
1939 or Older 0.9

Types of Homes

TYPE OF Prairieville HOMES
Single-Family 81.3
Townhomes 1.3
Small Apt. Buildings 1.1
Apt. Complexes 0.4
Mobile Homes 16.0
Other 0.0

Home Size

SIZE OF Prairieville HOMES
No Bedroom 0.00
1 Bedroom 0.14
2 Bedrooms 11.25
3 Bedrooms 49.63
4 Bedrooms 32.35
5 or more bedrooms 6.64

Prairieville 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
61.41% 2.86% 5 8
* 10 is highest

Popular Neighborhoods in Prairieville

Zip Codes in Prairieville, LA