The housing in Ferriday, LA is much more affordable than the US median value, with the median house value being $161,300. This is significantly lower than the US median of $338,100. While housing appreciation in the US has been 8.27% over the past year, it has only risen 0.82% in Ferriday. This means that there may be an opportunity to purchase a home at a more affordable price than other parts of the country and benefit from potential appreciation in the future.
The median home cost in Ferriday is $161,300. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Ferriday is up 8.6%.
Average Age of Homes
- The median age of Ferriday real estate is 44 years old
The Rental Market in Ferriday
- Renters make up 54.3% of the Ferriday population
- 4.4% of houses and apartments in Ferriday, 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.