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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 6,995, 2,712 total housing units (homes and apartments), and a median house value of $63,926, house prices in Tallulah are some of the most affordable in Louisiana as well as the nation.
Single-family detached homes are the single most common housing type in Tallulah, accounting for 78.19% of the city's housing units. Other types of housing that are prevalent in Tallulah include large apartment complexes or high rise apartments ( 9.96%), duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), and a few mobile homes or trailers ( 4.25%).
The most prevalent building size and type in Tallulah are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.52% owning and 55.48% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tallulah's housing was primarily built during this period, from the '40s through the '60s. A full 48.07% of the city's housing hails from this era. Other housing ages represented in Tallulah include homes built between 1970-1999 ( 38.55%) and housing constructed between 2000 and later ( 8.18%). There's also some housing in Tallulah built before 1939 ( 5.21%).
Vacant housing appears to be an issue in Tallulah. Fully 13.38% of the housing stock is classified as vacant. Left unchecked, vacant Tallulah homes and apartments can be a drag on the real estate market, holding Tallulah 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.
In the last 10 years, Tallulah has experienced some of the highest home appreciation rates of any community in the nation. Tallulah real estate appreciated 17.68% over the last ten years, which is an average annual home appreciation rate of 1.64%, putting Tallulah in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tallulah 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, Tallulah appreciation rates have trailed the rest of the nation. In the last twelve months, Tallulah's appreciation rate has been 0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tallulah were at -0.90%, which equates to an annual appreciation rate of -3.57%.
Notably, Tallulah's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Tallulah's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.
|$817,001 - $1,090,000||0.0|
|$545,001 - $817,000||0.1|
|$436,001 - $545,000||0.5|
|$327,001 - $436,000||0.2|
|$218,001 - $327,000||1.4|
|$109,001 - $218,000||10.0|
|$54,001 - $109,000||46.6|
|$0 - $54,000||41.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Tallulah HOMES|
|2000 or Newer||8.2|
|1970 - 1999||38.5|
|1940 - 1969||48.1|
|1939 or Older||5.2|
|TYPE OF Tallulah HOMES|
|Small Apt. Buildings||7.4|
|SIZE OF Tallulah HOMES|
|5 or more bedrooms||1.09|