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 8,657, 2,811 total housing units (homes and apartments), and a median house value of $298,130, Lacombe real estate is some of the most expensive in Louisiana, although Lacombe home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Lacombe, accounting for 81.74% of the town's housing units. Other types of housing that are prevalent in Lacombe include mobile homes or trailers ( 17.55%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lacombe. Owner-occupied housing accounts for 86.26% of Lacombe's homes, and 73.72% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lacombe 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 Lacombe built between 2000 and later ( 41.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.43%). There's also some housing in Lacombe built before 1939 ( 2.41%).
Vacant housing appears to be an issue in Lacombe. Fully 16.54% of the housing stock is classified as vacant. Left unchecked, vacant Lacombe homes and apartments can be a drag on the real estate market, holding Lacombe 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 Lacombe, where house values have increased just 53.68%, which is annualized rate of 4.39%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Lacombe appreciation rates have trailed the rest of the nation. In the last twelve months, Lacombe's appreciation rate has been 4.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lacombe were at -0.81%, which equates to an annual appreciation rate of -3.20%.
Notably, Lacombe's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Lacombe's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.
$298,130
for Louisiana
for nation
2,811
$1,486 / per month