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 1,972, 744 total housing units (homes and apartments), and a median house value of $61,932, 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 43.50% of the town's housing units. Other types of housing that are prevalent in Zwolle include mobile homes or trailers ( 37.56%), duplexes, homes converted to apartments or other small apartment buildings ( 14.46%), and a few row houses and other attached homes ( 2.35%).
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 56.89% owning and 43.11% 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 ( 23.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.68%). There's also some housing in Zwolle built before 1939 ( 4.82%).
Vacant housing appears to be an issue in Zwolle. Fully 16.59% 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.
In the last 10 years, Zwolle has experienced some of the highest home appreciation rates of any community in the nation. Zwolle real estate appreciated 33.69% over the last ten years, which is an average annual home appreciation rate of 2.95%, putting Zwolle in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Zwolle 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 Zwolle that despite a nationwide downturn in the housing market, Zwolle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Zwolle appreciation rates continue to be some of the highest in America, at 14.39%, which is higher than appreciation rates in 99.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Zwolle. Zwolle appreciation rates in the latest quarter were at -0.90%, which equates to an annual appreciation rate of -3.57%.
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 higher than 90% of the other cities and towns in Louisiana.
|$905,001 - $1,207,000||0.0|
|$603,001 - $905,000||0.1|
|$483,001 - $603,000||0.6|
|$362,001 - $483,000||3.5|
|$241,001 - $362,000||7.4|
|$121,001 - $241,000||18.6|
|$61,001 - $121,000||23.2|
|$0 - $61,000||46.6|
|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 Zwolle HOMES|
|2000 or Newer||13.7|
|1970 - 1999||58.0|
|1940 - 1969||23.5|
|1939 or Older||4.8|
|TYPE OF Zwolle HOMES|
|Small Apt. Buildings||14.5|
|SIZE OF Zwolle HOMES|
|5 or more bedrooms||1.79|