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 3,108 people, 972 houses or apartments, and a median cost of homes of $95,046, house prices in Vinton 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 Vinton, accounting for 71.55% of the town's housing units. Other types of housing that are prevalent in Vinton include mobile homes or trailers ( 21.58%), large apartment complexes or high rise apartments ( 5.13%).
People in Vinton primarily live in small (one, two or no bedroom) single-family detached homes. Vinton has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Vinton 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 Vinton built before 1939 ( 28.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.60%). There's also some housing in Vinton built between 2000 and later ( 15.47%).
Vacant housing appears to be an issue in Vinton. Fully 26.64% of the housing stock is classified as vacant. Left unchecked, vacant Vinton homes and apartments can be a drag on the real estate market, holding Vinton 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 Vinton, where house values have increased just 15.66%, which is annualized rate of 1.47%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Vinton's appreciation rate, at 3.61%, has been at or slightly above the national average. In the latest quarter, Vinton's appreciation rate has been 4.34%, which annualizes to a rate of 18.54%.
Importantly, this makes Vinton 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 Vinton's latest annual appreciation rate is higher than 80% of the other cities and towns in Louisiana.
$95,046
for Louisiana
for nation
972
$1,183 / per month