Prairieville, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Prairieville Neighborhoods Since 2000




Prairieville, 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

Prairieville Housing Market Information

With 29,569 people, 9,844 houses or apartments, and a median cost of homes of $252,437, 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 80.75% of the town's housing units. Other types of housing that are prevalent in Prairieville include mobile homes or trailers ( 15.64%), row houses and other attached homes ( 1.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.06%).

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 87.57% of Prairieville's homes, and 81.43% 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. 50.80% 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 ( 42.22%), and between 1940-1969 ( 4.95%). There's also some housing in Prairieville built before 1939 ( 2.04%).

Prairieville Home Appreciation Rates

Appreciation rates for homes in Prairieville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.14%, which ranks in the top 30% nationwide. This equates to an annual average Prairieville house appreciation rate of 1.33%.

Over the last year, Prairieville appreciation rates have trailed the rest of the nation. In the last twelve months, Prairieville's appreciation rate has been 2.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Prairieville were at 0.12%, which equates to an annual appreciation rate of 0.50%.

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:
$252,437

Prairieville, LA HOME PRICES

Value Range
> $1,109,000 0.2
$832,001 - $1,109,000 0.6
$555,001 - $832,000 1.9
$443,001 - $555,000 3.6
$333,001 - $443,000 15.9
$222,001 - $333,000 33.1
$111,001 - $222,000 33.2
$55,001 - $111,000 5.0
$0 - $55,000 6.5

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
22.1317238954647 1.74216027874564

Number Of Homes And Apartments:
9,844

Prairieville 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
56.17% 2.62% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,243 / per month

Homeownership Rate

Homeownership
Owners 87.57
Renters 12.43
Vacant 6.27

Housing Market Details

 

Age of Homes

AGE OF Prairieville HOMES
2000 or Newer 50.8
1970 - 1999 42.2
1940 - 1969 5.0
1939 or Older 2.0

Types of Homes

TYPE OF Prairieville HOMES
Single-Family 80.7
Townhomes 1.9
Small Apt. Buildings 1.1
Apt. Complexes 0.7
Mobile Homes 15.6
Other 0.0

Home Size

SIZE OF Prairieville HOMES
No Bedroom 0.00
1 Bedroom 0.16
2 Bedrooms 11.56
3 Bedrooms 49.09
4 Bedrooms 32.34
5 or more bedrooms 6.85

Popular Neighborhoods in Prairieville

Zip Codes in Prairieville, LA