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 15,543 people, 5,983 houses or apartments, and a median cost of homes of $238,415, house prices in Thibodaux are solidly below the national average.
Single-family detached homes are the single most common housing type in Thibodaux, accounting for 62.06% of the city's housing units. Other types of housing that are prevalent in Thibodaux include large apartment complexes or high rise apartments ( 16.87%), duplexes, homes converted to apartments or other small apartment buildings ( 14.71%), and a few mobile homes or trailers ( 3.35%).
People in Thibodaux primarily live in small (one, two or no bedroom) single-family detached homes. Thibodaux has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Thibodaux 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 Thibodaux built between 1940-1969 ( 34.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.62%). There's also some housing in Thibodaux built before 1939 ( 6.49%).
Vacant housing appears to be an issue in Thibodaux. Fully 13.57% of the housing stock is classified as vacant. Left unchecked, vacant Thibodaux homes and apartments can be a drag on the real estate market, holding Thibodaux 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 Thibodaux, where house values have increased just 46.10%, which is annualized rate of 3.86%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Thibodaux that despite a nationwide downturn in the housing market, Thibodaux real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Thibodaux appreciation rates continue to be some of the highest in America, at 9.41%, which is higher than appreciation rates in 83.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Thibodaux. Thibodaux appreciation rates in the latest quarter were at -1.64%, which equates to an annual appreciation rate of -6.39%.
Notably, Thibodaux's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Thibodaux's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Thibodaux differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Thibodaux - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Thibodaux real estate investment or home purchase decisions.
$238,415
for Louisiana
for nation
5,983
$1,300 / per month