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 2,648 people, 961 houses or apartments, and a median cost of homes of $209,608, house prices in Pearl River are solidly below the national average.
Single-family detached homes are the single most common housing type in Pearl River, accounting for 82.48% of the town's housing units. Other types of housing that are prevalent in Pearl River include mobile homes or trailers ( 16.90%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pearl River. Owner-occupied housing accounts for 76.69% of Pearl River's homes, and 73.63% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Pearl River 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 Pearl River built between 2000 and later ( 38.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.57%). There's also some housing in Pearl River built before 1939 ( 6.19%).
Vacant housing appears to be an issue in Pearl River. Fully 14.96% of the housing stock is classified as vacant. Left unchecked, vacant Pearl River homes and apartments can be a drag on the real estate market, holding Pearl River 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 Pearl River, where house values have increased just 39.94%, which is annualized rate of 3.42%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Pearl River appreciation rates have trailed the rest of the nation. In the last twelve months, Pearl River's appreciation rate has been 0.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pearl River were at 0.78%, which equates to an annual appreciation rate of 3.17%.
Relative to Louisiana, our data show that Pearl River's latest annual appreciation rate is lower than 90% of the other cities and towns in Louisiana.
$209,608
for Louisiana
for nation
961
$1,294 / per month