St. Martinville, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating St. Martinville Neighborhoods Since 2000




St. Martinville, 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

St. Martinville Housing Market Information

With 6,106 people, 2,298 houses or apartments, and a median cost of homes of $131,557, house prices in St. Martinville are solidly below the national average.

Single-family detached homes are the single most common housing type in St. Martinville, accounting for 65.89% of the city's housing units. Other types of housing that are prevalent in St. Martinville include mobile homes or trailers ( 17.13%), large apartment complexes or high rise apartments ( 8.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in St. Martinville. Owner-occupied housing accounts for 68.95% of St. Martinville's homes, and 57.80% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in St. Martinville 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 St. Martinville built between 1940-1969 ( 30.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.50%). There's also some housing in St. Martinville built before 1939 ( 6.52%).

Vacant housing appears to be an issue in St. Martinville. Fully 16.25% of the housing stock is classified as vacant. Left unchecked, vacant St. Martinville homes and apartments can be a drag on the real estate market, holding St. Martinville 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.

St. Martinville Home Appreciation Rates

In the last 10 years, St. Martinville has experienced some of the highest home appreciation rates of any community in the nation. St. Martinville real estate appreciated 17.59% over the last ten years, which is an average annual home appreciation rate of 1.63%, putting St. Martinville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, St. Martinville 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, St. Martinville appreciation rates have trailed the rest of the nation. In the last twelve months, St. Martinville's appreciation rate has been 2.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Martinville were at 1.20%, which equates to an annual appreciation rate of 4.89%.

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

Average Home Values

 

Median Home Value:
$131,557

St. Martinville, LA HOME PRICES

Value Range
> $1,090,000 0.2
$818,001 - $1,090,000 0.4
$545,001 - $818,000 0.4
$436,001 - $545,000 1.6
$327,001 - $436,000 8.2
$218,001 - $327,000 10.8
$109,001 - $218,000 28.9
$54,001 - $109,000 26.2
$0 - $54,000 23.4

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
59.0560178131958 31.3588850174216

Number Of Homes And Apartments:
2,298

St. Martinville 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
65.03% 2.95% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$877 / per month

Homeownership Rate

Homeownership
Owners 68.95
Renters 31.05
Vacant 16.25

Housing Market Details

 

Age of Homes

AGE OF St. Martinville HOMES
2000 or Newer 12.5
1970 - 1999 50.3
1940 - 1969 30.6
1939 or Older 6.5

Types of Homes

TYPE OF St. Martinville HOMES
Single-Family 65.9
Townhomes 1.9
Small Apt. Buildings 6.5
Apt. Complexes 8.6
Mobile Homes 17.1
Other 0.0

Home Size

SIZE OF St. Martinville HOMES
No Bedroom 2.88
1 Bedroom 10.68
2 Bedrooms 27.44
3 Bedrooms 50.33
4 Bedrooms 7.47
5 or more bedrooms 1.20