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 31,775, 13,315 total housing units (homes and apartments), and a median house value of $211,061, house prices in Houma are solidly below the national average.
Single-family detached homes are the single most common housing type in Houma, accounting for 81.34% of the city's housing units. Other types of housing that are prevalent in Houma include large apartment complexes or high rise apartments ( 8.31%), duplexes, homes converted to apartments or other small apartment buildings ( 5.57%), and a few mobile homes or trailers ( 3.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Houma. Owner-occupied housing accounts for 69.61% of Houma's homes, and 64.17% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Houma 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 Houma built between 1940-1969 ( 36.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.52%). There's also some housing in Houma built before 1939 ( 8.76%).
Vacant housing appears to be an issue in Houma. Fully 10.67% of the housing stock is classified as vacant. Left unchecked, vacant Houma homes and apartments can be a drag on the real estate market, holding Houma 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 Houma, where house values have increased just 36.28%, which is annualized rate of 3.14%. 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, Houma's appreciation rate, at 6.46%, has been at or slightly above the national average. In the latest quarter, Houma's appreciation rate has been -1.64%, which annualizes to a rate of -6.40%.
Notably, Houma's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Houma's latest annual appreciation rate is higher than 80% 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 Houma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Houma - 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 Houma real estate investment or home purchase decisions.
$211,061
for Louisiana
for nation
13,315
$1,497 / per month