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 about Scout's Real Estate Data
With a population of 7,331, 2,512 total housing units (homes and apartments), and a median house value of $311,501, Addis real estate is some of the most expensive in Louisiana, although Addis home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Addis, accounting for 70.04% of the town's housing units. Other types of housing that are prevalent in Addis include mobile homes or trailers ( 11.69%), large apartment complexes or high rise apartments ( 10.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.92%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Addis. Owner-occupied housing accounts for 82.64% of Addis's homes, and 67.87% have either three or four bedrooms, which is average sized relative to America.
Addis homes and real estate are some of the newest in America. 69.43% of Addis's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Addis real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.70%), and before 1939 ( 2.28%). There's also some housing in Addis built between 1940-1969 ( 1.59%).
Addis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Addis during the period has been just 4.91%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Addis's appreciation rate, at 9.46%, has been at or slightly above the national average. In the latest quarter, Addis's appreciation rate has been 3.88%, which annualizes to a rate of 16.46%.
Relative to Louisiana, our data show that Addis's latest annual appreciation rate is higher than 50% of the other cities and towns in Louisiana.
$311,501
for Louisiana
for nation
2,512
$1,795 / per month