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 62,635 people, 24,439 houses or apartments, and a median cost of homes of $229,638, house prices in Bossier City are solidly below the national average.
Single-family detached homes are the single most common housing type in Bossier City, accounting for 69.13% of the city's housing units. Other types of housing that are prevalent in Bossier City include large apartment complexes or high rise apartments ( 15.08%), duplexes, homes converted to apartments or other small apartment buildings ( 7.75%), and a few row houses and other attached homes ( 4.22%).
The most prevalent building size and type in Bossier City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.61% owning and 47.39% renting.
There is a lot of housing in Bossier City built from 1970 to 1999 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 Bossier City built between 1940-1969 ( 31.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.18%). There's also some housing in Bossier City built before 1939 ( 2.00%).
Vacant housing appears to be an issue in Bossier City. Fully 12.50% of the housing stock is classified as vacant. Left unchecked, vacant Bossier City homes and apartments can be a drag on the real estate market, holding Bossier City 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 Bossier City, where house values have increased just 44.01%, which is annualized rate of 3.71%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Bossier City that despite a nationwide downturn in the housing market, Bossier City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bossier City appreciation rates continue to be some of the highest in America, at 11.11%, which is higher than appreciation rates in 91.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bossier City. Bossier City appreciation rates in the latest quarter were at -0.11%, which equates to an annual appreciation rate of -0.43%.
Notably, Bossier City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Bossier City's latest annual appreciation rate is higher than 90% 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 Bossier City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bossier City - 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 Bossier City real estate investment or home purchase decisions.
$229,638
for Louisiana
for nation
24,439
$1,723 / per month