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 2,378 people, 947 houses or apartments, and a median cost of homes of $175,221, the cost of homes in Lockport is among some of the lowest in the nation. Compared to Louisiana, however, Lockport real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Lockport, accounting for 80.93% of the town's housing units. Other types of housing that are prevalent in Lockport include mobile homes or trailers ( 11.81%), duplexes, homes converted to apartments or other small apartment buildings ( 5.90%), and a few large apartment complexes or high rise apartments ( 1.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lockport. Owner-occupied housing accounts for 76.03% of Lockport's homes, and 63.03% have either three or four bedrooms, which is average sized relative to America.
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. Lockport's housing was primarily built during this period, from the '40s through the '60s. A full 46.23% of the town's housing hails from this era. Other housing ages represented in Lockport include homes built between 1970-1999 ( 33.42%) and housing constructed before 1939 ( 13.44%). There's also some housing in Lockport built between 2000 and later ( 6.90%).
Vacant housing appears to be an issue in Lockport. Fully 13.99% of the housing stock is classified as vacant. Left unchecked, vacant Lockport homes and apartments can be a drag on the real estate market, holding Lockport 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 Lockport, where house values have increased just 31.01%, which is annualized rate of 2.74%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Lockport appreciation rates have trailed the rest of the nation. In the last twelve months, Lockport's appreciation rate has been 3.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lockport were at 1.31%, which equates to an annual appreciation rate of 5.35%.
Relative to Louisiana, our data show that Lockport's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.
$175,221
for Louisiana
for nation
947
$1,245 / per month