The housing market in Broussard, LA is strong and growing. The median value of houses in the area is $250,600, which is lower than the US median value of $338,100. However, the one year appreciation rate for housing in Broussard is 9.19%, slightly higher than the national rate of 8.27%. This significant increase over a short period indicates that the housing market in Broussard is a promising investment opportunity and shows that demand for homes there continues to rise.
The median home cost in Broussard is $250,600. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Broussard is up 12.5%.
Average Age of Homes
- The median age of Broussard real estate is 20 years old
The Rental Market in Broussard
- Renters make up 26.0% of the Broussard population
- 1.0% of houses and apartments in Broussard, 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.