Raceland, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Raceland Neighborhoods Since 2000




Raceland, 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

Raceland Housing Market Information

With a population of 10,420, 3,933 total housing units (homes and apartments), and a median house value of $105,088, house prices in Raceland are solidly below the national average.

Single-family detached homes are the single most common housing type in Raceland, accounting for 72.12% of the town's housing units. Other types of housing that are prevalent in Raceland include mobile homes or trailers ( 22.13%), duplexes, homes converted to apartments or other small apartment buildings ( 4.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Raceland. Owner-occupied housing accounts for 79.40% of Raceland's homes, and 61.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Raceland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Raceland built between 1940-1969 ( 33.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.78%). There's also some housing in Raceland built before 1939 ( 4.71%).

Raceland Home Appreciation Rates

Appreciation rates for homes in Raceland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.45%, which ranks in the top 30% nationwide. This equates to an annual average Raceland house appreciation rate of 1.18%.

Over the last year, Raceland appreciation rates have trailed the rest of the nation. In the last twelve months, Raceland's appreciation rate has been -0.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Raceland were at -0.97%, which equates to an annual appreciation rate of -3.82%.

Notably, Raceland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Raceland's latest annual appreciation rate is lower than 80% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$105,088

Raceland, LA HOME PRICES

Value Range
> $1,049,000 0.2
$787,001 - $1,049,000 0.1
$524,001 - $787,000 0.6
$420,001 - $524,000 1.0
$315,001 - $420,000 2.5
$210,001 - $315,000 12.4
$105,001 - $210,000 37.6
$52,001 - $105,000 25.6
$0 - $52,000 20.1

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
74.2704793155983 54.3554006968641

Number Of Homes And Apartments:
3,933

Raceland 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
53.94% 2.53% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$878 / per month

Homeownership Rate

Homeownership
Owners 79.40
Renters 20.60
Vacant 5.89

Housing Market Details

 

Age of Homes

AGE OF Raceland HOMES
2000 or Newer 13.8
1970 - 1999 47.8
1940 - 1969 33.7
1939 or Older 4.7

Types of Homes

TYPE OF Raceland HOMES
Single-Family 72.1
Townhomes 0.8
Small Apt. Buildings 4.7
Apt. Complexes 0.0
Mobile Homes 22.1
Other 0.3

Home Size

SIZE OF Raceland HOMES
No Bedroom 0.12
1 Bedroom 8.45
2 Bedrooms 28.98
3 Bedrooms 50.83
4 Bedrooms 10.86
5 or more bedrooms 0.77

Zip Codes in Raceland, LA