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 8,214, 3,394 total housing units (homes and apartments), and a median house value of $127,024, house prices in Fort Polk are some of the most affordable in Louisiana as well as the nation.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Fort Polk, accounting for 52.44% of the town's housing units. Other types of housing that are prevalent in Fort Polk include row houses and other attached homes ( 34.66%), single-family detached homes ( 6.56%), and a few large apartment complexes or high rise apartments ( 4.51%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
Renters dominate Fort Polk's housing market, and most live in three of four bedroom dwellings.
There is a lot of housing in Fort Polk 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 Fort Polk built between 2000 and later ( 40.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.67%). There's also some housing in Fort Polk built before 1939 ( 2.69%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Fort Polk, where house values have increased just 44.60%, which is annualized rate of 3.76%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Fort Polk that despite a nationwide downturn in the housing market, Fort Polk real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Polk appreciation rates continue to be some of the highest in America, at 6.98%, which is higher than appreciation rates in 83.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Polk. Fort Polk appreciation rates in the latest quarter were at 4.03%, which equates to an annual appreciation rate of 17.13%.
Importantly, this makes Fort Polk one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Louisiana, our data show that Fort Polk's latest annual appreciation rate is higher than 60% of the other cities and towns in Louisiana.
$127,024
$1,650 / per month