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 2,511 people, 938 houses or apartments, and a median cost of homes of $228,847, house prices in Many are solidly below the national average.
Single-family detached homes are the single most common housing type in Many, accounting for 63.94% of the town's housing units. Other types of housing that are prevalent in Many include duplexes, homes converted to apartments or other small apartment buildings ( 14.87%), mobile homes or trailers ( 10.02%), and a few large apartment complexes or high rise apartments ( 5.62%).
The most prevalent building size and type in Many are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 37.62% owning and 62.38% renting.
There is a lot of housing in Many 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 Many built between 1940-1969 ( 31.97%). A lesser amount of the housing stock also hails from before 1939 ( 6.39%). There's also some housing in Many built between 2000 and later ( 5.86%).
Vacant housing appears to be an issue in Many. Fully 27.74% of the housing stock is classified as vacant. Left unchecked, vacant Many homes and apartments can be a drag on the real estate market, holding Many 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.
Many's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Many during the period has been just 4.72%, which is lower than 80% of US communities.
Over the last year, Many appreciation rates have trailed the rest of the nation. In the last twelve months, Many's appreciation rate has been 4.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Many were at -3.70%, which equates to an annual appreciation rate of -14.01%.
Notably, Many's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Many's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.
$228,847
for Louisiana
for nation
938
$745 / per month