Zwolle, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Zwolle, LA Real Estate Data


Zwolle Housing Market Information

With a population of 1,972, 724 total housing units (homes and apartments), and a median house value of $52,394, house prices in Zwolle 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 Zwolle, accounting for 42.82% of the town's housing units. Other types of housing that are prevalent in Zwolle include mobile homes or trailers ( 39.15%), duplexes, homes converted to apartments or other small apartment buildings ( 13.55%), and a few large apartment complexes or high rise apartments ( 2.53%).

The most prevalent building size and type in Zwolle are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.86% owning and 43.14% renting.

There is a lot of housing in Zwolle 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 Zwolle built between 1940-1969 ( 26.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.53%). There's also some housing in Zwolle built before 1939 ( 5.74%).

Vacant housing appears to be an issue in Zwolle. Fully 16.88% of the housing stock is classified as vacant. Left unchecked, vacant Zwolle homes and apartments can be a drag on the real estate market, holding Zwolle 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.

Zwolle Home Appreciation Rates

Appreciation rates for homes in Zwolle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.47%, which ranks in the top 50% nationwide. This equates to an annual average Zwolle house appreciation rate of 0.63%.

Over the last year, Zwolle appreciation rates have trailed the rest of the nation. In the last twelve months, Zwolle's appreciation rate has been -0.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Zwolle were at 0.57%, which equates to an annual appreciation rate of 2.31%.

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

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

Average Home Values

 

Median Home Value:
$52,394

Zwolle, LA HOME PRICES

Value Range
> $974,000 0.0
$731,001 - $974,000 0.0
$488,001 - $731,000 0.0
$390,001 - $488,000 0.8
$293,001 - $390,000 3.3
$195,001 - $293,000 6.2
$98,001 - $195,000 17.0
$48,001 - $98,000 22.0
$0 - $48,000 50.5

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.2680213152193 99.6527777777778

Number Of Homes And Apartments:
724

Rent & Ownership

 

Average Market Rent:
$675 / per month

Homeownership Rate

Homeownership
Owners 56.86
Renters 43.14
Vacant 16.88

Housing Market Details

 

Age of Homes

AGE OF Zwolle HOMES
2000 or Newer 16.5
1970 - 1999 51.0
1940 - 1969 26.8
1939 or Older 5.7

Types of Homes

TYPE OF Zwolle HOMES
Single-Family 42.8
Townhomes 2.0
Small Apt. Buildings 13.5
Apt. Complexes 2.5
Mobile Homes 39.2
Other 0.0

Home Size

SIZE OF Zwolle HOMES
No Bedroom 0.80
1 Bedroom 6.77
2 Bedrooms 26.64
3 Bedrooms 53.50
4 Bedrooms 10.79
5 or more bedrooms 1.49

Zwolle Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
34.75% 1.77% 1 4
* 10 is highest

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