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 4,565 people, 1,875 houses or apartments, and a median cost of homes of $87,529, house prices in Winnfield are solidly below the national average.
Single-family detached homes are the single most common housing type in Winnfield, accounting for 71.52% of the city's housing units. Other types of housing that are prevalent in Winnfield include mobile homes or trailers ( 14.34%), duplexes, homes converted to apartments or other small apartment buildings ( 10.91%), and a few large apartment complexes or high rise apartments ( 3.11%).
The most prevalent building size and type in Winnfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.72% owning and 54.28% 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. Winnfield's housing was primarily built during this period, from the '40s through the '60s. A full 39.93% of the city's housing hails from this era. Other housing ages represented in Winnfield include homes built between 1970-1999 ( 37.43%) and housing constructed before 1939 ( 13.69%). There's also some housing in Winnfield built between 2000 and later ( 8.95%).
Vacant housing appears to be an issue in Winnfield. Fully 23.38% of the housing stock is classified as vacant. Left unchecked, vacant Winnfield homes and apartments can be a drag on the real estate market, holding Winnfield 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, Winnfield has experienced some of the highest home appreciation rates of any community in the nation. Winnfield real estate appreciated 18.38% over the last ten years, which is an average annual home appreciation rate of 1.70%, putting Winnfield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Winnfield 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 Winnfield that despite a nationwide downturn in the housing market, Winnfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winnfield appreciation rates continue to be some of the highest in America, at 9.97%, which is higher than appreciation rates in 93.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Winnfield. Winnfield appreciation rates in the latest quarter were at -0.90%, which equates to an annual appreciation rate of -3.57%.
Notably, Winnfield's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Winnfield's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.
|$802,001 - $1,068,000||0.0|
|$534,001 - $802,000||0.0|
|$427,001 - $534,000||0.9|
|$321,001 - $427,000||0.2|
|$213,001 - $321,000||12.5|
|$107,001 - $213,000||20.5|
|$53,001 - $107,000||27.5|
|$0 - $53,000||38.5|
|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 Winnfield HOMES|
|2000 or Newer||8.9|
|1970 - 1999||37.4|
|1940 - 1969||39.9|
|1939 or Older||13.7|
|TYPE OF Winnfield HOMES|
|Small Apt. Buildings||10.9|
|SIZE OF Winnfield HOMES|
|5 or more bedrooms||0.16|