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 1,195 people, 578 houses or apartments, and a median cost of homes of $155,028, house prices in Basile are solidly below the national average.
Single-family detached homes are the single most common housing type in Basile, accounting for 84.44% of the town's housing units. Other types of housing that are prevalent in Basile include mobile homes or trailers ( 14.14%), duplexes, homes converted to apartments or other small apartment buildings ( 1.41%).
The most prevalent building size and type in Basile are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.14% owning and 51.86% 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. Basile's housing was primarily built during this period, from the '40s through the '60s. A full 39.32% of the town's housing hails from this era. Other housing ages represented in Basile include homes built between 1970-1999 ( 38.33%) and housing constructed before 1939 ( 16.12%). There's also some housing in Basile built between 2000 and later ( 6.22%).
Vacant housing appears to be an issue in Basile. Fully 18.25% of the housing stock is classified as vacant. Left unchecked, vacant Basile homes and apartments can be a drag on the real estate market, holding Basile 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 Basile, where house values have increased just 34.92%, which is annualized rate of 3.04%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Basile appreciation rates have trailed the rest of the nation. In the last twelve months, Basile's appreciation rate has been 1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Basile were at -3.70%, which equates to an annual appreciation rate of -14.01%.
Notably, Basile's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Basile's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.
$155,028
for Louisiana
for nation
578
$1,191 / per month