Jeanerette, LA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Jeanerette, LA Housing Market Trends

With a population of 5,218, 1,956 total housing units (homes and apartments), and a median house value of $133,503, 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 57.76% of the city's housing units. Other types of housing that are prevalent in Jeanerette include mobile homes or trailers ( 28.74%), large apartment complexes or high rise apartments ( 10.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jeanerette. Owner-occupied housing accounts for 67.79% of Jeanerette's homes, and 61.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jeanerette 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 Jeanerette built between 1940-1969 ( 30.57%). A lesser amount of the housing stock also hails from before 1939 ( 15.12%). There's also some housing in Jeanerette built between 2000 and later ( 10.37%).

Vacant housing appears to be an issue in Jeanerette. Fully 20.49% 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.

Jeanerette Home Appreciation Rates

Jeanerette's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jeanerette during the period has been just 2.61%, which is lower than 70% of US communities.

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 3.47%, 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 0.41%, which equates to an annual appreciation rate of 1.63%.

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 lower than 50% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$133,503

Jeanerette, LA HOME PRICES

> $1,126,000
0.1%
0.1%
$845,001 - $1,126,000
0.0%
0.0%
$563,001 - $845,000
0.9%
0.9%
$451,001 - $563,000
1.0%
1.0%
$338,001 - $451,000
2.6%
2.6%
$225,001 - $338,000
9.7%
9.7%
$113,001 - $225,000
40.7%
40.7%
$56,001 - $113,000
22.7%
22.7%
$0 - $56,000
22.3%
22.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for LA

Value Relative To Nation

Number Of Homes And Apartments:
1,956

Jeanerette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
76.10% 2.67%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$977 / per month

Homeownership Rate

Owners
67.8%
67.8%
Renters
32.2%
32.2%
Vacant
20.5%
20.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.4%
10.4%
1970 - 1999
43.9%
43.9%
1940 - 1969
30.6%
30.6%
1939 or Older
15.1%
15.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.8%
57.8%
Townhomes
0.6%
0.6%
Small Apt. Buildings
2.2%
2.2%
Apt. Complexes
10.8%
10.8%
Mobile Homes
28.7%
28.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
9.1%
9.1%
2 Bedrooms
27.6%
27.6%
3 Bedrooms
54.3%
54.3%
4 Bedrooms
6.7%
6.7%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Jeanerette

Popular Communities Near Jeanerette, LA

Zip Codes in Jeanerette, LA