Welcome, LA is a great place to live for anyone looking for affordable housing. The median value of a home in the city is $120,700, which is significantly lower than the US House Median Value of $338,100. Although the median value in Welcome, LA is much lower than in other parts of the country, that doesn't mean its real estate market isn't thriving. In fact last year saw a 9.06% increase in home appreciation in the city, which was higher than the national 1 year house appreciation rate of 8.27%. This makes it an attractive option for buyers looking to get into the housing market without breaking their budget.
The median home cost in Welcome is $120,700. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Welcome is up 12.3%.
Average Age of Homes
- The median age of Welcome real estate is 42 years old
The Rental Market in Welcome
- Renters make up 21.2% of the Welcome population
- 0.0% of houses and apartments in Welcome, 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.