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 8,657 people, 2,811 houses or apartments, and a median cost of homes of $301,813, Lacombe real estate is some of the most expensive in Louisiana, although Lacombe home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Lacombe, accounting for 81.74% of the town's housing units. Other types of housing that are prevalent in Lacombe include mobile homes or trailers ( 17.55%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lacombe. Owner-occupied housing accounts for 86.26% of Lacombe's homes, and 73.72% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lacombe 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 Lacombe built between 2000 and later ( 41.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.43%). There's also some housing in Lacombe built before 1939 ( 2.41%).
Vacant housing appears to be an issue in Lacombe. Fully 16.54% of the housing stock is classified as vacant. Left unchecked, vacant Lacombe homes and apartments can be a drag on the real estate market, holding Lacombe 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.
Lacombe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lacombe during the period has been just 4.74%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Lacombe's appreciation rate, at 10.39%, has been at or slightly above the national average. In the latest quarter, Lacombe's appreciation rate has been 2.02%, which annualizes to a rate of 8.34%.
Relative to Louisiana, our data show that Lacombe's latest annual appreciation rate is higher than 50% of the other cities and towns in Louisiana.
$301,813
for Louisiana
for nation
2,811
$1,453 / per month