The housing market in Lapwai, ID is doing quite well compared to the country as a whole. The median value of homes in Lapwai is over $354,400, which is substantially higher than the US median house value of $338,100. What's more impressive is the 1 year appreciation rate for housing in Lapwai, which is 15.69%, significantly higher than the US rate of 8.27%. This strong performance in the local housing market shows that Lapwai is an attractive place to live for those looking for good value and potential appreciation.
The median home cost in Lapwai is $354,400. Home appreciation the last 10 years has been 116.3%. Home Appreciation in Lapwai is up 21.5%.
Average Age of Homes
- The median age of Lapwai real estate is 42 years old
The Rental Market in Lapwai
- Renters make up 44.0% of the Lapwai population
- 0.4% of houses and apartments in Lapwai, 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.