The housing market in Newellton, LA is much lower than the national average with the median value of a house being $123,600 compared to the US median value of $338,100. While there was a 8.27% increase in housing value across the US over the last year, Newellton only experienced an appreciation rate of 0.82%, indicating a slower growth rate than that of the rest of the nation.
The median home cost in Newellton is $123,600. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Newellton is up 8.6%.
Average Age of Homes
- The median age of Newellton real estate is 50 years old
The Rental Market in Newellton
- Renters make up 32.6% of the Newellton population
- 1.5% of houses and apartments in Newellton, 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.