Housing in Banks Springs, LA is much more affordable than the national median value of $338,100. The one-year house appreciation rate for Banks Springs is 1.02%, which is significantly lower than the 8.27% appreciation rate across the United States. Despite the lower appreciation rate, the median housing value in Banks Springs still stands at a respectable $93,400. This shows that homeowners and potential buyers can take advantage of attractive prices in Banks Springs compared to other areas in the country.
The median home cost in Banks Springs is $93,400. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Banks Springs is up 10.7%.
Average Age of Homes
- The median age of Banks Springs real estate is 39 years old
The Rental Market in Banks Springs
- Renters make up 47.4% of the Banks Springs population
- 4.4% of houses and apartments in Banks Springs, 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.