The housing market in Richwood, LA is less expensive than the US average, with the median value being $66,300. While the US house appreciation rate over the past year was 8.27%, Richwood's rate of 7.40% is slightly lower than the national average. This gives potential buyers a great opportunity to get into the housing market more easily and start building equity sooner. With a lower cost of living and relatively stable house appreciation rates, Richwood may be an attractive option for those looking for a new place to call home.
The median home cost in Richwood is $66,300. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Richwood is up 10.1%.
Average Age of Homes
- The median age of Richwood real estate is 32 years old
The Rental Market in Richwood
- Renters make up 55.6% of the Richwood population
- 3.1% of houses and apartments in Richwood, 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.