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 14,186 people, 4,396 houses or apartments, and a median cost of homes of $325,286, Broussard real estate is some of the most expensive in Louisiana, although Broussard home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Broussard, accounting for 84.76% of the city's housing units. Other types of housing that are prevalent in Broussard include row houses and other attached homes ( 6.11%), large apartment complexes or high rise apartments ( 4.71%), and a few mobile homes or trailers ( 2.88%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Broussard. Owner-occupied housing accounts for 79.03% of Broussard's homes, and 80.09% have either three or four bedrooms, which is average sized relative to America.
Broussard homes and real estate are some of the newest in America. 50.65% of Broussard's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Broussard real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.71%), and between 1940-1969 ( 16.94%).
Vacant housing appears to be an issue in Broussard. Fully 14.52% of the housing stock is classified as vacant. Left unchecked, vacant Broussard homes and apartments can be a drag on the real estate market, holding Broussard 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 Broussard, where house values have increased just 35.21%, which is annualized rate of 3.06%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Broussard appreciation rates have trailed the rest of the nation. In the last twelve months, Broussard's appreciation rate has been 4.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Broussard were at 5.09%, which equates to an annual appreciation rate of 21.99%.
Importantly, this makes Broussard one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Louisiana, our data show that Broussard's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.
$325,286
for Louisiana
for nation
4,396
$1,534 / per month