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 814, 387 total housing units (homes and apartments), and a median house value of $52,066, house prices in Newellton are some of the most affordable in Louisiana as well as the nation.
Single-family detached homes are the single most common housing type in Newellton, accounting for 76.81% of the town's housing units. Other types of housing that are prevalent in Newellton include mobile homes or trailers ( 15.96%), large apartment complexes or high rise apartments ( 6.68%).
The most prevalent building size and type in Newellton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.76% owning and 38.24% renting.
There is a lot of housing in Newellton 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 Newellton built between 1940-1969 ( 37.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.87%).
Vacant housing appears to be an issue in Newellton. Fully 28.20% of the housing stock is classified as vacant. Left unchecked, vacant Newellton homes and apartments can be a drag on the real estate market, holding Newellton 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.
Homes have actually lost value in Newellton over the last then years, as home values have seen a decline of 23.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Newellton home appreciation rates at -3.70%, which equates to an annual appreciation rate of -14.01%.
Over the last year, Newellton appreciation rates have trailed the rest of the nation. In the last twelve months, Newellton's appreciation rate has been 0.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newellton were at -3.70%, which equates to an annual appreciation rate of -14.01%.
Notably, Newellton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Newellton's latest annual appreciation rate is lower than 70% of the other cities and towns in Louisiana.
$52,066
for Louisiana
for nation
387
$744 / per month