Reserve, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Reserve, LA Real Estate Data


Reserve Housing Market Information

With a population of 9,303, 3,342 total housing units (homes and apartments), and a median house value of $129,484, house prices in Reserve are solidly below the national average.

Single-family detached homes are the single most common housing type in Reserve, accounting for 79.38% of the town's housing units. Other types of housing that are prevalent in Reserve include mobile homes or trailers ( 12.20%), duplexes, homes converted to apartments or other small apartment buildings ( 6.71%), and a few large apartment complexes or high rise apartments ( 1.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Reserve. Owner-occupied housing accounts for 76.80% of Reserve's homes, and 77.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Reserve 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 Reserve built between 1940-1969 ( 27.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.13%). There's also some housing in Reserve built before 1939 ( 3.22%).

Vacant housing appears to be an issue in Reserve. Fully 11.77% of the housing stock is classified as vacant. Left unchecked, vacant Reserve homes and apartments can be a drag on the real estate market, holding Reserve real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Reserve Home Appreciation Rates

Appreciation rates for homes in Reserve have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.36%, which ranks in the top 50% nationwide. This equates to an annual average Reserve house appreciation rate of 0.43%.

Appreciation rates are so strong in Reserve that despite a nationwide downturn in the housing market, Reserve real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Reserve appreciation rates continue to be some of the highest in America, at 6.33%, which is higher than appreciation rates in 78.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Reserve. Reserve appreciation rates in the latest quarter were at 2.47%, which equates to an annual appreciation rate of 10.24%.

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

Average Home Values

 

Median Home Value:
$129,484

Reserve, LA HOME PRICES

Value Range
> $1,129,000 0.0
$847,001 - $1,129,000 0.0
$565,001 - $847,000 0.0
$451,001 - $565,000 0.0
$339,001 - $451,000 0.6
$226,001 - $339,000 9.9
$113,001 - $226,000 51.3
$56,001 - $113,000 25.8
$0 - $56,000 12.4

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
61.0118873338408 36.1111111111111

Number Of Homes And Apartments:
3,342

Rent & Ownership

 

Average Market Rent:
$1,181 / per month

Homeownership Rate

Homeownership
Owners 76.80
Renters 23.20
Vacant 11.77

Housing Market Details

 

Age of Homes

AGE OF Reserve HOMES
2000 or Newer 16.1
1970 - 1999 53.3
1940 - 1969 27.4
1939 or Older 3.2

Types of Homes

TYPE OF Reserve HOMES
Single-Family 79.4
Townhomes 0.7
Small Apt. Buildings 6.7
Apt. Complexes 1.0
Mobile Homes 12.2
Other 0.0

Home Size

SIZE OF Reserve HOMES
No Bedroom 0.00
1 Bedroom 3.09
2 Bedrooms 17.98
3 Bedrooms 67.71
4 Bedrooms 9.79
5 or more bedrooms 1.43

Reserve 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
62.43% 2.89% 6 8
* 10 is highest

Popular Neighborhoods in Reserve

Zip Codes in Reserve, LA