Louisiana Real Estate Trends - A New Way to Look at Louisiana Realty
Despite natural disasters and a troubled national economy, the unique allure of New Orleans and the charm of the rest of the state have helped keep Louisiana a destination of choice for investors and home buyers alike. New Orleans real estate ranges from tiny condos in the heart of the city to $12.5 million dollar estates on the waterfront. Despite this wide variety, New Orleans homes for sale remain relatively moderate in their pricing. Single family homes in the city have an average list price of only $258,000. Undeveloped rural real estate in Louisiana comprises a substantial 34% of the market for the entire state. With an average list price of just $143,000, these properties offer an excellent option for a variety of buyers – including both those who crave the quiet of rural Louisiana and those who seek to be New-Orleans adjacent while avoiding the New Orleans price tag.
Louisiana has filed a RICO suit against several lenders and banks involved in the MERS conflict, potentially offering the state the chance to recover millions of dollars in unpaid recording fees and will likely result in changes to Louisiana real estate investment procedures. The outcome of this litigation will no doubt interest Industry insiders and consumers alike.
Louisiana Real Estate:
Largest Increase in Listing Price
| City | 3 mo. | |
|---|---|---|
| Alexandria, LA Real Estate | 8.48% | |
| Shreveport, LA Real Estate | 7.57% | |
| Prairieville, LA Real Estate | 7.40% | |
| Carencro, LA Real Estate | 6.61% | |
| Slidell, LA Real Estate | 6.45% |
Louisiana Real Estate:
Largest Decrease in Listing Price
| City | 3 mo. | |
|---|---|---|
| Opelousas, LA Real Estate | 5.76% | |
| Walker, LA Real Estate | 4.51% | |
| Zachary, LA Real Estate | 3.93% | |
| LaPlace, LA Real Estate | 3.12% | |
| Marrero, LA Real Estate | 3.04% |
Most Expensive Louisiana Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Mandeville, LA Homes for Sale | $408,858 | 5.49% | |
| Covington, LA Homes for Sale | $404,657 | 6.24% | |
| Madisonville, LA Homes for Sale | $376,658 | 0.44% | |
| Metairie, LA Homes for Sale | $313,019 | 5.63% | |
| Prairieville, LA Homes for Sale | $310,990 | 7.40% |
Least Expensive Louisiana Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Opelousas, LA Homes for Sale | $142,613 | 5.76% | |
| Marrero, LA Homes for Sale | $158,278 | 3.04% | |
| West Monroe, LA Homes for Sale | $173,724 | 1.69% | |
| Harvey, LA Homes for Sale | $182,714 | 3.04% | |
| Pineville, LA Homes for Sale | $184,034 | 1.96% |
Top 5 Louisiana Cities for Families
| City | Homes with Children |
Crime vs. Natl. Avg. |
|---|---|---|
| Woodmere, LA Local Info | 52.00% | 0.13 |
| Waggaman, LA Local Info | 47.00% | 0.13 |
| Prairieville, LA Local Info | 46.00% | 0.08 |
| Luling, LA Local Info | 46.00% | 0.95 |
| Estelle, LA Local Info | 45.00% | 0.13 |
Top 5 Louisiana Cities for Singles
| City | Unmarried | Female to Male |
|---|---|---|
| Natchitoches, LA Local Info | 75.00% | 54% / 46% |
| Monroe, LA Local Info | 73.00% | 54% / 46% |
| Hammond, LA Local Info | 72.00% | 52% / 48% |
| New Orleans, LA Local Info | 72.00% | 53% / 47% |
| Opelousas, LA Local Info | 72.00% | 56% / 44% |
Largest Increase in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.
Largest Decrease in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.
Most Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Least Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Top 5 Cities for Families Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.
Top 5 Cities for Singles Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.