The housing market in Westminster, LA is showing strong appreciation and stability. The median value of a house in Westminster is $256,100, which is significantly lower than the US median of $338,100. However, the 1 year appreciation rate for houses in Westminster is 8.15%, which is almost identical to the US average of 8.27%. This suggests that the housing market in Westminster is not only affordable but also healthy and stable.
The median home cost in Westminster is $256,100. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Westminster is up 9.6%.
Average Age of Homes
- The median age of Westminster real estate is 42 years old
The Rental Market in Westminster
- Renters make up 26.1% of the Westminster population
- 6.0% of houses and apartments in Westminster, 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.