Housing in Fifth Ward, LA is significantly more affordable than the national average. The median value of a house in Fifth Ward is approximately half the US median value of $338,100. Although house appreciation has been strong across the US with an 8.27% increase over the past year, growth in Fifth Ward has been comparatively slower at 0.82%. Despite this, Fifth Ward maintains a stable housing market that offers an affordable option to potential buyers.
The median home cost in Fifth Ward is $168,900. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Fifth Ward is up 8.6%.
Average Age of Homes
- The median age of Fifth Ward real estate is 35 years old
The Rental Market in Fifth Ward
- Renters make up 15.4% of the Fifth Ward population
- 0.0% of houses and apartments in Fifth Ward, 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.