The housing market in Lake Providence, LA is very affordable compared to the national average. The median value for homes in Lake Providence is $56,600, while the US median value is much higher at $338,100. In the last year, the appreciation of homes in Lake Providence has been 7.40%, which is slightly lower than the national rate of 8.27%. This makes it an attractive option for potential buyers who are looking for an area where they can get a great deal on a home and still experience a solid return on their investment.
The median home cost in Lake Providence is $56,600. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Lake Providence is up 10.1%.
Average Age of Homes
- The median age of Lake Providence real estate is 43 years old
The Rental Market in Lake Providence
- Renters make up 45.1% of the Lake Providence population
- 5.8% of houses and apartments in Lake Providence, 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.