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 5,956 people, 2,538 houses or apartments, and a median cost of homes of $187,131, house prices in Plaquemine are solidly below the national average.
Single-family detached homes are the single most common housing type in Plaquemine, accounting for 88.14% of the city's housing units. Other types of housing that are prevalent in Plaquemine include duplexes, homes converted to apartments or other small apartment buildings ( 6.75%), mobile homes or trailers ( 2.79%), and a few row houses and other attached homes ( 2.00%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plaquemine. Owner-occupied housing accounts for 74.29% of Plaquemine's homes, and 55.70% 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. Plaquemine's housing was primarily built during this period, from the '40s through the '60s. A full 41.38% of the city's housing hails from this era. Other housing ages represented in Plaquemine include homes built before 1939 ( 24.71%) and housing constructed between 1970-1999 ( 23.79%). There's also some housing in Plaquemine built between 2000 and later ( 10.12%).
Vacant housing appears to be an issue in Plaquemine. Fully 16.84% of the housing stock is classified as vacant. Left unchecked, vacant Plaquemine homes and apartments can be a drag on the real estate market, holding Plaquemine 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 Plaquemine, where house values have increased just 22.11%, which is annualized rate of 2.02%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Plaquemine appreciation rates have trailed the rest of the nation. In the last twelve months, Plaquemine's appreciation rate has been -4.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plaquemine were at 1.60%, which equates to an annual appreciation rate of 6.57%.
Relative to Louisiana, our data show that Plaquemine's latest annual appreciation rate is lower than 90% of the other cities and towns in Louisiana.
$187,131
for Louisiana
for nation
2,538
$1,095 / per month