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 871 people, 389 houses or apartments, and a median cost of homes of $419,306, Madisonville real estate is some of the most expensive in Louisiana, although Madisonville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Madisonville, accounting for 95.41% of the town's housing units. Other types of housing that are prevalent in Madisonville include duplexes, homes converted to apartments or other small apartment buildings ( 2.18%), mobile homes or trailers ( 1.75%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Madisonville. Owner-occupied housing accounts for 89.72% of Madisonville's homes, and 65.72% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Madisonville 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 Madisonville built between 2000 and later ( 31.44%). A lesser amount of the housing stock also hails from before 1939 ( 26.64%). There's also some housing in Madisonville built between 1940-1969 ( 9.39%).
Vacant housing appears to be an issue in Madisonville. Fully 15.07% of the housing stock is classified as vacant. Left unchecked, vacant Madisonville homes and apartments can be a drag on the real estate market, holding Madisonville 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 Madisonville, where house values have increased just 53.06%, 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, Madisonville appreciation rates have trailed the rest of the nation. In the last twelve months, Madisonville's appreciation rate has been 1.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Madisonville were at -0.81%, which equates to an annual appreciation rate of -3.20%.
Notably, Madisonville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Madisonville's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.
$419,306
for Louisiana
for nation
389
$2,943 / per month