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 630, 502 total housing units (homes and apartments), and a median house value of $156,338, house prices in Greensburg are solidly below the national average.
Single-family detached homes are the single most common housing type in Greensburg, accounting for 43.06% of the town's housing units. Other types of housing that are prevalent in Greensburg include large apartment complexes or high rise apartments ( 33.92%), mobile homes or trailers ( 19.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.87%).
People in Greensburg primarily live in small (one, two or no bedroom) single-family detached homes. Greensburg has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Greensburg 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 Greensburg built between 1940-1969 ( 27.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.07%). There's also some housing in Greensburg built before 1939 ( 7.03%).
Vacant housing appears to be an issue in Greensburg. Fully 11.78% of the housing stock is classified as vacant. Left unchecked, vacant Greensburg homes and apartments can be a drag on the real estate market, holding Greensburg 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 Greensburg, where house values have increased just 24.57%, which is annualized rate of 2.22%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Greensburg appreciation rates have trailed the rest of the nation. In the last twelve months, Greensburg's appreciation rate has been -4.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greensburg were at 1.60%, which equates to an annual appreciation rate of 6.57%.
Relative to Louisiana, our data show that Greensburg's latest annual appreciation rate is lower than 90% of the other cities and towns in Louisiana.
$156,338
for Louisiana
for nation
502
$1,296 / per month