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 2,275 people, 733 houses or apartments, and a median cost of homes of $289,385, Erwinville real estate is some of the most expensive in Louisiana, although Erwinville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Erwinville, accounting for 52.65% of the town's housing units. Other types of housing that are prevalent in Erwinville include mobile homes or trailers ( 38.39%), duplexes, homes converted to apartments or other small apartment buildings ( 7.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Erwinville. Owner-occupied housing accounts for 80.49% of Erwinville's homes, and 73.12% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Erwinville 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 Erwinville built between 2000 and later ( 25.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.44%).
Vacant housing appears to be an issue in Erwinville. Fully 25.36% of the housing stock is classified as vacant. Left unchecked, vacant Erwinville homes and apartments can be a drag on the real estate market, holding Erwinville 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 Erwinville, where house values have increased just 43.91%, which is annualized rate of 3.71%. 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, Erwinville's appreciation rate, at 5.37%, has been at or slightly above the national average. In the latest quarter, Erwinville's appreciation rate has been 1.60%, which annualizes to a rate of 6.57%.
Relative to Louisiana, our data show that Erwinville's latest annual appreciation rate is higher than 80% of the other cities and towns in Louisiana.
$289,385
for Louisiana
for nation
733
$1,045 / per month