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 4,557, 1,938 total housing units (homes and apartments), and a median house value of $155,365, house prices in Jeanerette are solidly below the national average.
Single-family detached homes are the single most common housing type in Jeanerette, accounting for 81.09% of the city's housing units. Other types of housing that are prevalent in Jeanerette include mobile homes or trailers ( 9.48%), large apartment complexes or high rise apartments ( 5.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.47%).
The most prevalent building size and type in Jeanerette are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.72% owning and 41.28% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Jeanerette's housing was primarily built during this period, from the '40s through the '60s. A full 36.29% of the city's housing hails from this era. Other housing ages represented in Jeanerette include homes built between 1970-1999 ( 32.06%) and housing constructed before 1939 ( 25.36%). There's also some housing in Jeanerette built between 2000 and later ( 6.29%).
Vacant housing appears to be an issue in Jeanerette. Fully 21.85% of the housing stock is classified as vacant. Left unchecked, vacant Jeanerette homes and apartments can be a drag on the real estate market, holding Jeanerette 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 Jeanerette, where house values have increased just 48.75%, which is annualized rate of 4.05%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Jeanerette appreciation rates have trailed the rest of the nation. In the last twelve months, Jeanerette's appreciation rate has been 2.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jeanerette were at -2.40%, which equates to an annual appreciation rate of -9.26%.
Notably, Jeanerette's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Jeanerette's latest annual appreciation rate is higher than 50% of the other cities and towns in Louisiana.
$155,365
for Louisiana
for nation
1,938
$1,336 / per month