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 7,904, 3,395 total housing units (homes and apartments), and a median house value of $245,334, house prices in Ponchatoula are solidly below the national average.
Single-family detached homes are the single most common housing type in Ponchatoula, accounting for 72.17% of the city's housing units. Other types of housing that are prevalent in Ponchatoula include mobile homes or trailers ( 11.18%), duplexes, homes converted to apartments or other small apartment buildings ( 9.20%), and a few row houses and other attached homes ( 4.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ponchatoula. Owner-occupied housing accounts for 78.40% of Ponchatoula's homes, and 69.90% have either three or four bedrooms, which is average sized relative to America.
Ponchatoula homes and real estate are some of the newest in America. 45.61% of Ponchatoula's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Ponchatoula real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.07%), and between 1940-1969 ( 17.54%). There's also some housing in Ponchatoula built before 1939 ( 5.79%).
Vacant housing appears to be an issue in Ponchatoula. Fully 11.52% of the housing stock is classified as vacant. Left unchecked, vacant Ponchatoula homes and apartments can be a drag on the real estate market, holding Ponchatoula 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 Ponchatoula, where house values have increased just 42.60%, which is annualized rate of 3.61%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Ponchatoula appreciation rates have trailed the rest of the nation. In the last twelve months, Ponchatoula's appreciation rate has been 3.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ponchatoula were at 14.82%, which equates to an annual appreciation rate of 73.80%.
Importantly, this makes Ponchatoula one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Louisiana, our data show that Ponchatoula's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ponchatoula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ponchatoula - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ponchatoula real estate investment or home purchase decisions.
$245,334
for Louisiana
for nation
3,395
$1,521 / per month