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 29,735, 11,035 total housing units (homes and apartments), and a median house value of $331,189, Central real estate is some of the most expensive in Louisiana, although Central home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Central, accounting for 84.21% of the city's housing units. Other types of housing that are prevalent in Central include mobile homes or trailers ( 9.50%), large apartment complexes or high rise apartments ( 2.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.74%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Central. Owner-occupied housing accounts for 89.55% of Central's homes, and 85.53% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Central 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 Central built between 2000 and later ( 34.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.61%). There's also some housing in Central built before 1939 ( 1.25%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Central, where house values have increased just 53.02%, which is annualized rate of 4.35%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Central appreciation rates have trailed the rest of the nation. In the last twelve months, Central's appreciation rate has been 2.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Central were at 1.60%, which equates to an annual appreciation rate of 6.57%.
Relative to Louisiana, our data show that Central's latest annual appreciation rate is higher than 60% 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 Central differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Central - 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 Central real estate investment or home purchase decisions.
$331,189
for Louisiana
for nation
11,035
$2,275 / per month