New Iberia, 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 Q1 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

New Iberia, LA Housing Market Trends

With 28,454 people, 11,030 houses or apartments, and a median cost of homes of $108,415, house prices in New Iberia are solidly below the national average.

Single-family detached homes are the single most common housing type in New Iberia, accounting for 70.24% of the city's housing units. Other types of housing that are prevalent in New Iberia include large apartment complexes or high rise apartments ( 11.43%), duplexes, homes converted to apartments or other small apartment buildings ( 8.96%), and a few mobile homes or trailers ( 8.61%).

The most prevalent building size and type in New Iberia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.37% owning and 44.63% renting.

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. New Iberia's housing was primarily built during this period, from the '40s through the '60s. A full 43.05% of the city's housing hails from this era. Other housing ages represented in New Iberia include homes built between 1970-1999 ( 32.32%) and housing constructed between 2000 and later ( 13.19%). There's also some housing in New Iberia built before 1939 ( 11.44%).

Vacant housing appears to be an issue in New Iberia. Fully 18.02% of the housing stock is classified as vacant. Left unchecked, vacant New Iberia homes and apartments can be a drag on the real estate market, holding New Iberia 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.

New Iberia Home Appreciation Rates

New Iberia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Iberia during the period has been just 1.50%, which is lower than 80% of US communities.

Over the last year, New Iberia appreciation rates have trailed the rest of the nation. In the last twelve months, New Iberia's appreciation rate has been 1.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Iberia were at 0.55%, which equates to an annual appreciation rate of 2.21%.

Notably, New Iberia's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that New Iberia's latest annual appreciation rate is lower than 60% 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 New Iberia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Iberia - 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 New Iberia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$108,415

New Iberia, LA HOME PRICES

> $1,099,000
0.4%
0.4%
$825,001 - $1,099,000
0.1%
0.1%
$550,001 - $825,000
1.1%
1.1%
$440,001 - $550,000
1.6%
1.6%
$330,001 - $440,000
2.0%
2.0%
$220,001 - $330,000
8.9%
8.9%
$110,001 - $220,000
34.7%
34.7%
$55,001 - $110,000
28.6%
28.6%
$0 - $55,000
22.6%
22.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for LA

Value Relative To Nation

Number Of Homes And Apartments:
11,030

New Iberia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
57.89% 2.17%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$978 / per month

Homeownership Rate

Owners
55.4%
55.4%
Renters
44.6%
44.6%
Vacant
18.0%
18.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.2%
13.2%
1970 - 1999
32.3%
32.3%
1940 - 1969
43.0%
43.0%
1939 or Older
11.4%
11.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.2%
70.2%
Townhomes
0.8%
0.8%
Small Apt. Buildings
9.0%
9.0%
Apt. Complexes
11.4%
11.4%
Mobile Homes
8.6%
8.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
9.7%
9.7%
2 Bedrooms
34.3%
34.3%
3 Bedrooms
43.3%
43.3%
4 Bedrooms
9.6%
9.6%
5 or more bedrooms
1.4%
1.4%
0.0% 100.0%
% OF HOMES