Arabi appreciation rates and housing market information

Arabi housing market information

With 8,103 people, 3,702 houses or apartments, and a median cost of homes of $146,200, Arabi real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Arabi, accounting for 79.69% of the town's housing units. Other types of housing that are prevalent in Arabi include duplexes, homes converted to apartments, or other small apartment buildings (9.40%), row houses and other attached homes (6.54%), large apartment complexes or high rise apartments (3.03%), and a few mobile homes or trailers (1.35%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Arabi. Owner-occupied housing accounts for 73.55% of Arabi's homes, and 57.48% 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. Arabi's housing was primarily built during this period, from the '40s through the '60s. A full 82.01% of the town's housing hails from this era. Other housing ages represented in Arabi include homes built between 1939 and earlier (8.62%), and housing constructed from 1970-1994 (7.91%). There's also some housing in Arabi built between 1995 and later (1.46%).

Arabi home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Arabi, where house values have increased just 46.39%, which is an average annual increase of 4.63%. NeighborhoodScout's data show that in the latest quarter, Arabi house values appreciated -1.56%, which is an annualized rate of -6.24%. This rate is lower than the appreciation rate found in 70% of the cities and towns in America.

Over the last year, Arabi appreciation rates have trailed the rest of the nation. In the last twelve months, Arabi's appreciation rate has been -3.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arabi were at -1.56%, which equates to an annual appreciation rate of -6.24%.

Relative to Louisiana, our data show that Arabi's latest annual appreciation rate is higher than 3% of the other cities and towns in Louisiana.