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 a population of 3,081, 1,001 total housing units (homes and apartments), and a median house value of $125,989, house prices in Ferriday are solidly below the national average.
Single-family detached homes are the single most common housing type in Ferriday, accounting for 76.09% of the town's housing units. Other types of housing that are prevalent in Ferriday include mobile homes or trailers ( 13.69%), large apartment complexes or high rise apartments ( 6.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.41%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ferriday. Owner-occupied housing accounts for 66.43% of Ferriday's homes, and 73.69% 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. Ferriday's housing was primarily built during this period, from the '40s through the '60s. A full 47.19% of the town's housing hails from this era. Other housing ages represented in Ferriday include homes built between 1970-1999 ( 42.65%) and housing constructed between 2000 and later ( 5.62%). There's also some housing in Ferriday built before 1939 ( 4.54%).
Vacant housing appears to be an issue in Ferriday. Fully 36.85% of the housing stock is classified as vacant. Left unchecked, vacant Ferriday homes and apartments can be a drag on the real estate market, holding Ferriday 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 Ferriday, where house values have increased just 38.68%, which is annualized rate of 3.32%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Ferriday appreciation rates have trailed the rest of the nation. In the last twelve months, Ferriday's appreciation rate has been 2.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ferriday were at -3.70%, which equates to an annual appreciation rate of -14.01%.
Notably, Ferriday's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Ferriday's latest annual appreciation rate is lower than 50% of the other cities and towns in Louisiana.
$125,989
for Louisiana
for nation
1,001
$1,242 / per month