The housing market in Lake Charles, LA is an attractive option for many potential buyers. The median value of a house in the area is $179,400, significantly lower than the US median value of $338,100. Despite being lower than the national average, the market still saw an appreciation of 6.09% within the last year - a rate that lags behind the national average of 8.27% but still demonstrates positive growth. With its attractive prices and steady growth potential, Lake Charles is an ideal location for those looking to get into the market.
The median home cost in Lake Charles is $179,400. Home appreciation the last 10 years has been 54.1%. Home Appreciation in Lake Charles is up 11.0%.
Average Age of Homes
- The median age of Lake Charles real estate is 45 years old
The Rental Market in Lake Charles
- Renters make up 40.4% of the Lake Charles population
- 3.2% of houses and apartments in Lake Charles, 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.