Houma, LA - House Price Index (HPI)
Houma Real Estate Market Forecast
The House Price Index (HPI) shows changes in Houma-Bayou Cane-Thibodaux, LA single family
home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts,
analysis, statistics and appreciation rates are provided below.
Houma Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27741
3rd Quarter, 2017 Housing Statistics: Houma, Louisiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Houma housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Houma is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Houma is 85% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Houma Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Houma housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Houma is 86%. In other words, when tested against historical data, the
forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Houma is 86% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Houma Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Houma, Louisiana


Historical Home Price Appreciation
Last Quarter                                     2.13%
Last Year . . . . . . . . . . . . . . . . . . . .  2.7%
Last 5 Years                                     11%
Last 10 Years . . . . . . . . . . . . . . . . . 18%
Last 20 Years                                   111%



Annual Home Price Appreciation Rates
1987      -7.80%
1988      -5.63%
1989      9.93%
1990      -4.95%
1991      5.22%
1992      5.35%
1993      4.39%
1994      5.36%
1995      4.02%
1996      5.99%
1997      8.23%
1998      6.68%
1999      4.98%
2000      4.07%
2001      4.55%
2002      4.18%
2003      5.59%
2004      4.31%
2005      8.15%
2006      9.99%
2007      10.00%
2008      0.71%
2009      0.29%
2010      0.27%
2011      -0.41%
2012      2.42%
2013      0.90%
2014      2.41%
2015      2.29%
2016      1.13%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.13%         Rank: 128 of 381 (66th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.7%           Rank: 298 of 381 (21st Percentile)
Last 5 Years                              11%            Rank: 279 of 381 (26th Percentile)
Last 10 Years  . . . . . . . . . . . .   18%            Rank: 73 of 381 (81st Percentile)
Last 20 Years                            111%          Rank: 95 of 379 (75th Percentile)


The change in home prices for Houma-Thibodaux, LA are shown above for five
time periods. For example: Houma appreciated 2.13% in the Last Quarter. At
that rate, the Houma Real Estate Market was ranked 128th out of 381
metropolitan Real Estate Markets. Houma was in the 66th percentile. So
Houma, LA performed better in the Last Quarter than 66% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Houma, Louisiana

The data and analysis on this page pertains to Houma-Thibodaux, LA,
hereinafter referred to as "Houma". The all time high in the Houma Home Price
Index was 244.3 in the 3rd Quarter, of 2017.  The Home Price Index indicates
that the Houma Market is up 18% over the last 10 years. Home prices in the
Houma Real Estate Market have gained 2.68% over the last 12 months. Over
the last thirty years, it is up 188%.

The 3rd Quarter index value was 5.10 points higher than the 2nd Quarter, 2017
index value of 239.23, resulting in a 2.13% rise in the 3rd Quarter for the
Houma Market.

The Houma Home Price Index has increased for the last 2 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 25
consecutive quarters. The current record holder for consecutive declines in the
Home Price Index is Carbondale, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Houma Real Estate
Market was 11% in the twelve months ended with the 3rd Quarter of 2006. The
worst annual change in home values  in the Houma Market was -13% in the
twelve months ended with the 1st Quarter of 1988.

The highest growth in home values in the Houma Real Estate Market over a
three year period was 31% in the three years ended with the 4th Quarter of
2007. The worst performance over a three year period in the Houma Market
was -18% in the three years ended with the 2nd Quarter of 1989.

This page provides a long term graph of the Houma Home Price Index (above).
For information about Louisiana home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Houma Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Houma Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Houma Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2017 Housing Data: Houma, Louisiana

The trend of Houma Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Houma-Thibodaux, LA, hereinafter referred to as "Houma".

Last Quarter:
During the 3rd Quarter of 2017, Houma Home Prices had a rank of 128, with
appreciation of 2.13%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Houma Home Prices had a rank of 298, with
appreciation during the year of 2.68%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Houma Home Prices
ranked 279, with a total appreciation of 10.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Houma Home Prices had
a rank of 73, with appreciation during the decade of 18%. The top performing
market during the period was Denver, CO, with a rise of 63%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Houma Home Prices had
a rank of 95, with total growth over the 20 year period of 111%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Houma Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Houma. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, January 10, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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