The housing in Simpson, LA is significantly lower than the US median value at $163,700 compared to $338,100 for the nation overall. The rate of appreciation for homes in Simpson is also much lower than the national average; only 1.02% compared to 8.27%. This suggests that Simpson may be a more affordable area for those looking to purchase a home, but with an appreciation rate below the national average homeowners may not see significant returns on their investment quickly.
The median home cost in Simpson is $163,700. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Simpson is up 10.7%.
Average Age of Homes
- The median age of Simpson real estate is 34 years old
The Rental Market in Simpson
- Renters make up 14.7% of the Simpson population
- 0.0% of houses and apartments in Simpson, 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.