Vinton, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Vinton Neighborhoods Since 2000




Vinton, 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

Vinton Housing Market Information

With a population of 3,355, 1,484 total housing units (homes and apartments), and a median house value of $88,903, house prices in Vinton are solidly below the national average.

Single-family detached homes are the single most common housing type in Vinton, accounting for 68.59% of the town's housing units. Other types of housing that are prevalent in Vinton include mobile homes or trailers ( 18.64%), duplexes, homes converted to apartments or other small apartment buildings ( 10.03%), and a few row houses and other attached homes ( 2.22%).

The most prevalent building size and type in Vinton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.00% owning and 45.00% 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. Vinton's housing was primarily built during this period, from the '40s through the '60s. A full 36.55% of the town's housing hails from this era. Other housing ages represented in Vinton include homes built between 1970-1999 ( 31.07%) and housing constructed between 2000 and later ( 24.23%). There's also some housing in Vinton built before 1939 ( 8.15%).

Vacant housing appears to be an issue in Vinton. Fully 15.39% of the housing stock is classified as vacant. Left unchecked, vacant Vinton homes and apartments can be a drag on the real estate market, holding Vinton 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.

Vinton Home Appreciation Rates

In the last 10 years, Vinton has experienced some of the highest home appreciation rates of any community in the nation. Vinton real estate appreciated 27.24% over the last ten years, which is an average annual home appreciation rate of 2.44%, putting Vinton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vinton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Vinton that despite a nationwide downturn in the housing market, Vinton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vinton appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 82.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vinton. Vinton appreciation rates in the latest quarter were at -0.21%, which equates to an annual appreciation rate of -0.83%.

Relative to Louisiana, our data show that Vinton's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$88,903

Vinton, LA HOME PRICES

Value Range
> $1,149,000 0.0
$862,001 - $1,149,000 0.0
$574,001 - $862,000 0.7
$460,001 - $574,000 0.0
$345,001 - $460,000 1.5
$230,001 - $345,000 6.7
$115,001 - $230,000 21.0
$57,001 - $115,000 47.2
$0 - $57,000 22.9

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
84.7913981014883 73.1707317073171

Number Of Homes And Apartments:
1,484

Vinton 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
73.31% 3.24% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$778 / per month

Homeownership Rate

Homeownership
Owners 55.00
Renters 45.00
Vacant 15.39

Housing Market Details

 

Age of Homes

AGE OF Vinton HOMES
2000 or Newer 24.2
1970 - 1999 31.1
1940 - 1969 36.5
1939 or Older 8.2

Types of Homes

TYPE OF Vinton HOMES
Single-Family 68.6
Townhomes 2.2
Small Apt. Buildings 10.0
Apt. Complexes 0.5
Mobile Homes 18.6
Other 0.0

Home Size

SIZE OF Vinton HOMES
No Bedroom 0.46
1 Bedroom 7.64
2 Bedrooms 35.80
3 Bedrooms 46.98
4 Bedrooms 9.12
5 or more bedrooms 0.00

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Zip Codes in Vinton, LA