Housing in Louisiana State is generally less expensive than the U.S. average, with a median value of $184,800 compared to $338,100 for the U.S. as a whole. While the one-year appreciation rate for housing values across the country is 8.27%, Louisiana's appreciation rate is 5.96%. Despite the lower appreciation rate, many people are still looking to invest in real estate in Louisiana State due to its lower cost of living and many available amenities.
The median home cost in Louisiana is $184,800. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Louisiana is up 11.4%.
Average Age of Homes
- The median age of Louisiana real estate is 38 years old
The Rental Market in Louisiana
- Renters make up 29.1% of the Louisiana population
- 2.5% of houses and apartments in Louisiana, 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.