The median value of housing in Buras, LA is $79,500 which is significantly lower than the US House median value of $338,100. This has likely led to a higher rate of appreciation for Buras' housing compared to the national average; over the past year, house appreciation in Buras was 9.06%, compared with 8.27% nationally. As a result, those looking to invest in property in this area stand to benefit from its strong market appreciation which offers a good return on investment.
The median home cost in Buras is $79,500. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Buras is up 12.3%.
Average Age of Homes
- The median age of Buras real estate is 14 years old
The Rental Market in Buras
- Renters make up 13.1% of the Buras population
- 7.2% of houses and apartments in Buras, 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.