New Iberia, LA is a great place to live with its housing median value of $147,800. The US house median value is significantly higher at $338,100 but the appreciation rate of the houses in New Iberia has been higher than the US rate over the past year at 9.19%. This makes it an attractive option for people looking to buy a new house or invest in property as there are both low prices and potential for increases in value. New Iberia also offers many amenities that make it a desirable place to live such as nearby shopping areas and access to attractions like wetlands and wildlife parks.
The median home cost in New Iberia is $147,800. Home appreciation the last 10 years has been 40.3%. Home Appreciation in New Iberia is up 12.5%.
Average Age of Homes
- The median age of New Iberia real estate is 48 years old
The Rental Market in New Iberia
- Renters make up 35.6% of the New Iberia population
- 5.4% of houses and apartments in New Iberia, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.