Lockport, LA is a great place to invest in property due to its high housing median value of $137,500. The US House Median Value of $338,100 is much higher than Lockport's median value, but the 1 year house appreciation in Lockport of 10.21% is higher than the US average of 8.27%. This growth in value makes it an attractive option for potential homeowners and investors who want to take advantage of increased equity in their home or rental property. With a low median home price and good appreciation, Lockport offers an appealing investment opportunity.
The median home cost in Lockport is $137,500. Home appreciation the last 10 years has been 32.8%. Home Appreciation in Lockport is up 10.5%.
Average Age of Homes
- The median age of Lockport real estate is 52 years old
The Rental Market in Lockport
- Renters make up 32.5% of the Lockport population
- 3.0% of houses and apartments in Lockport, 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.