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 7,582 people, 2,847 houses or apartments, and a median cost of homes of $225,430, house prices in Breaux Bridge are solidly below the national average.
Single-family detached homes are the single most common housing type in Breaux Bridge, accounting for 76.47% of the city's housing units. Other types of housing that are prevalent in Breaux Bridge include mobile homes or trailers ( 9.25%), duplexes, homes converted to apartments or other small apartment buildings ( 8.91%), and a few large apartment complexes or high rise apartments ( 4.75%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Breaux Bridge. Owner-occupied housing accounts for 67.54% of Breaux Bridge's homes, and 67.01% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Breaux Bridge 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 Breaux Bridge built between 2000 and later ( 29.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.25%). There's also some housing in Breaux Bridge built before 1939 ( 5.03%).
Vacant housing appears to be an issue in Breaux Bridge. Fully 12.21% of the housing stock is classified as vacant. Left unchecked, vacant Breaux Bridge homes and apartments can be a drag on the real estate market, holding Breaux Bridge 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Breaux Bridge, where house values have increased just 48.94%, which is annualized rate of 4.06%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Breaux Bridge that despite a nationwide downturn in the housing market, Breaux Bridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Breaux Bridge appreciation rates continue to be some of the highest in America, at 7.33%, which is higher than appreciation rates in 95.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Breaux Bridge. Breaux Bridge appreciation rates in the latest quarter were at 3.58%, which equates to an annual appreciation rate of 15.12%.
Importantly, this makes Breaux Bridge one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Louisiana, our data show that Breaux Bridge's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Breaux Bridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Breaux Bridge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Breaux Bridge real estate investment or home purchase decisions.
$225,430
for Louisiana
for nation
2,847
$1,163 / per month