Broussard appreciation rates and housing market information

Broussard housing market information

With 5,963 people, 2,395 houses or apartments, and a median cost of homes of $167,600, Broussard real estate is some of the most expensive in Louisiana, although Broussard home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Broussard, accounting for 67.93% of the town's housing units. Other types of housing that are prevalent in Broussard include mobile homes or trailers (14.66%), large apartment complexes or high rise apartments (8.02%), duplexes, homes converted to apartments, or other small apartment buildings (6.85%), and a few row houses and other attached homes (2.55%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Broussard. Owner-occupied housing accounts for 68.98% of Broussard's homes, and 62.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Broussard built from 1970-1994, 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 Broussard built from 1940-1969 (22.30%). A lesser amount of the housing stock also hails from 1995 and later (21.25%), and some were built from 1939 and earlier (21.25%).

Broussard home appreciation rates

Appreciation rates for homes in Broussard have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.35%, which ranks in the top 20% nationwide. This equates to an annual average Broussard house appreciation rate of 11.53%.

Appreciation rates are so strong in Broussard that despite a nationwide downturn in the housing market, Broussard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Broussard appreciation rates continue to be some of the highest in America, at 9.80%, which is higher than appreciation rates in 97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Broussard. Broussard appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.36%.

Importantly, this makes Broussard one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Louisiana, our data show that Broussard's latest annual appreciation rate is higher than 100% of the other cities and towns in Louisiana.