Thibodaux, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Thibodaux Neighborhoods Since 2000




Thibodaux, 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

Thibodaux Housing Market Information

With a population of 14,584, 5,490 total housing units (homes and apartments), and a median house value of $161,121, Thibodaux real estate is some of the most expensive in Louisiana, although Thibodaux home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Thibodaux, accounting for 68.11% of the city's housing units. Other types of housing that are prevalent in Thibodaux include large apartment complexes or high rise apartments ( 13.13%), duplexes, homes converted to apartments or other small apartment buildings ( 13.02%), and a few mobile homes or trailers ( 3.43%).

The most prevalent building size and type in Thibodaux are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.51% owning and 49.49% 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. Thibodaux's housing was primarily built during this period, from the '40s through the '60s. A full 41.00% of the city's housing hails from this era. Other housing ages represented in Thibodaux include homes built between 1970-1999 ( 36.41%) and housing constructed between 2000 and later ( 12.23%). There's also some housing in Thibodaux built before 1939 ( 10.36%).

Thibodaux Home Appreciation Rates

In the last 10 years, Thibodaux has experienced some of the highest home appreciation rates of any community in the nation. Thibodaux real estate appreciated 20.59% over the last ten years, which is an average annual home appreciation rate of 1.89%, putting Thibodaux in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Thibodaux 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, Thibodaux appreciation rates have trailed the rest of the nation. In the last twelve months, Thibodaux's appreciation rate has been -0.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thibodaux were at -0.97%, which equates to an annual appreciation rate of -3.82%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Thibodaux differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Thibodaux - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Thibodaux real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$161,121

Thibodaux, LA HOME PRICES

Value Range
> $1,059,000 0.0
$794,001 - $1,059,000 0.3
$529,001 - $794,000 2.5
$424,001 - $529,000 2.2
$318,001 - $424,000 7.9
$212,001 - $318,000 19.1
$106,001 - $212,000 36.5
$53,001 - $106,000 18.6
$0 - $53,000 12.9

Very High for LA
Average for Nation

Value Relative to Nation Value Relative to State
45.1716863939998 14.9825783972125

Number Of Homes And Apartments:
5,490

Thibodaux 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
76.00% 3.33% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$870 / per month

Homeownership Rate

Homeownership
Owners 50.51
Renters 49.49
Vacant 9.88

Housing Market Details

 

Age of Homes

AGE OF Thibodaux HOMES
2000 or Newer 12.2
1970 - 1999 36.4
1940 - 1969 41.0
1939 or Older 10.4

Types of Homes

TYPE OF Thibodaux HOMES
Single-Family 68.1
Townhomes 2.3
Small Apt. Buildings 13.0
Apt. Complexes 13.1
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Thibodaux HOMES
No Bedroom 1.53
1 Bedroom 13.97
2 Bedrooms 33.14
3 Bedrooms 39.95
4 Bedrooms 9.90
5 or more bedrooms 1.51