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 11,216, 5,230 total housing units (homes and apartments), and a median house value of $212,632, house prices in Crowley are solidly below the national average.
Single-family detached homes are the single most common housing type in Crowley, accounting for 78.32% of the city's housing units. Other types of housing that are prevalent in Crowley include duplexes, homes converted to apartments or other small apartment buildings ( 11.52%), large apartment complexes or high rise apartments ( 5.54%), and a few mobile homes or trailers ( 3.57%).
The most prevalent building size and type in Crowley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.14% owning and 53.86% renting.
There is a lot of housing in Crowley 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 Crowley built between 1940-1969 ( 35.00%). A lesser amount of the housing stock also hails from before 1939 ( 13.37%). There's also some housing in Crowley built between 2000 and later ( 13.03%).
Vacant housing appears to be an issue in Crowley. Fully 13.05% of the housing stock is classified as vacant. Left unchecked, vacant Crowley homes and apartments can be a drag on the real estate market, holding Crowley 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 Crowley, where house values have increased just 26.33%, which is annualized rate of 2.36%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Crowley that despite a nationwide downturn in the housing market, Crowley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crowley appreciation rates continue to be some of the highest in America, at 7.33%, which is higher than appreciation rates in 95.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crowley. Crowley appreciation rates in the latest quarter were at 3.58%, which equates to an annual appreciation rate of 15.12%.
Importantly, this makes Crowley 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 Crowley'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 Crowley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crowley - 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 Crowley real estate investment or home purchase decisions.
$212,632
for Louisiana
for nation
5,230
$738 / per month