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 9,468, 4,004 total housing units (homes and apartments), and a median house value of $246,425, house prices in Scott are solidly below the national average.
Single-family detached homes are the single most common housing type in Scott, accounting for 75.53% of the city's housing units. Other types of housing that are prevalent in Scott include mobile homes or trailers ( 19.83%), duplexes, homes converted to apartments or other small apartment buildings ( 3.21%), and a few large apartment complexes or high rise apartments ( 1.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Scott. Owner-occupied housing accounts for 74.92% of Scott's homes, and 63.57% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Scott 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 Scott built between 2000 and later ( 25.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.26%). There's also some housing in Scott built before 1939 ( 4.21%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Scott, where house values have increased just 43.45%, which is annualized rate of 3.67%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Scott that despite a nationwide downturn in the housing market, Scott real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Scott appreciation rates continue to be some of the highest in America, at 6.11%, which is higher than appreciation rates in 79.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Scott. Scott appreciation rates in the latest quarter were at 1.15%, which equates to an annual appreciation rate of 4.68%.
Relative to Louisiana, our data show that Scott's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.
$246,425
for Louisiana
for nation
4,004
$1,158 / per month