Saline, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Saline, 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

Saline Housing Market Information

With 266 people, 120 houses or apartments, and a median cost of homes of $68,677, house prices in Saline are some of the most affordable in Louisiana as well as the nation.

Mobile homes or trailers are the single most common housing type in Saline, accounting for 58.94% of the village's housing units. Other types of housing that are prevalent in Saline include single-family detached homes ( 38.41%).

Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Saline. Owner-occupied housing accounts for 83.33% of Saline's homes, and 62.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Saline 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 Saline built between 1940-1969 ( 25.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.22%). There's also some housing in Saline built before 1939 ( 3.31%).

Vacant housing appears to be an issue in Saline. Fully 20.53% of the housing stock is classified as vacant. Left unchecked, vacant Saline homes and apartments can be a drag on the real estate market, holding Saline 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.

Saline Home Appreciation Rates

In the last 10 years, Saline has experienced some of the highest home appreciation rates of any community in the nation. Saline real estate appreciated 17.88% over the last ten years, which is an average annual home appreciation rate of 1.66%, putting Saline in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Saline definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Saline appreciation rates have trailed the rest of the nation. In the last twelve months, Saline's appreciation rate has been -0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Saline were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

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

Average Home Values

 

Median Home Value:
$68,677

Saline, LA HOME PRICES

Value Range
> $1,076,000 0.7
$807,001 - $1,076,000 1.3
$538,001 - $807,000 0.1
$430,001 - $538,000 1.3
$323,001 - $430,000 1.4
$215,001 - $323,000 7.7
$108,001 - $215,000 17.5
$54,001 - $108,000 32.2
$0 - $54,000 37.9

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.8103832180945 91.6376306620209

Number Of Homes And Apartments:
120

Saline 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
54.18% 2.54% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$449 / per month

Homeownership Rate

Homeownership
Owners 83.33
Renters 16.67
Vacant 20.53

Housing Market Details

 

Age of Homes

AGE OF Saline HOMES
2000 or Newer 17.2
1970 - 1999 53.6
1940 - 1969 25.8
1939 or Older 3.3

Types of Homes

TYPE OF Saline HOMES
Single-Family 38.4
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 58.9
Other 2.6

Home Size

SIZE OF Saline HOMES
No Bedroom 1.32
1 Bedroom 4.64
2 Bedrooms 28.48
3 Bedrooms 46.36
4 Bedrooms 15.89
5 or more bedrooms 3.31

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Zip Codes in Saline, LA