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 4,209 people, 1,823 houses or apartments, and a median cost of homes of $141,477, house prices in Kaplan are solidly below the national average.
Single-family detached homes are the single most common housing type in Kaplan, accounting for 89.97% of the city's housing units. Other types of housing that are prevalent in Kaplan include large apartment complexes or high rise apartments ( 6.00%), mobile homes or trailers ( 2.87%), and a few row houses and other attached homes ( 1.16%).
The most prevalent building size and type in Kaplan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.77% owning and 39.23% renting.
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. Kaplan's housing was primarily built during this period, from the '40s through the '60s. A full 43.27% of the city's housing hails from this era. Other housing ages represented in Kaplan include homes built between 1970-1999 ( 39.35%) and housing constructed before 1939 ( 9.72%). There's also some housing in Kaplan built between 2000 and later ( 7.66%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Kaplan, where house values have increased just 49.56%, which is annualized rate of 4.11%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Kaplan that despite a nationwide downturn in the housing market, Kaplan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kaplan appreciation rates continue to be some of the highest in America, at 9.99%, which is higher than appreciation rates in 87.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kaplan. Kaplan appreciation rates in the latest quarter were at 5.09%, which equates to an annual appreciation rate of 21.99%.
Importantly, this makes Kaplan one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Louisiana, our data show that Kaplan's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.
$141,477
for Louisiana
for nation
1,823
$1,016 / per month