Housing in Central, LA is a great option for those looking to invest. The current median value of homes in the area is $273,000, which is significantly lower than the US median value of $338,100. In addition to offering an attractive price point, the appreciation rate for homes in Central, LA has been higher than the national average at 11.38%, compared to 8.27%. With such promising returns and a low median value, Central, LA could be a great place to find your next home or investment property.
The median home cost in Central is $273,000. Home appreciation the last 10 years has been 50.7%. Home Appreciation in Central is up 11.9%.
Average Age of Homes
- The median age of Central real estate is 33 years old
The Rental Market in Central
- Renters make up 14.0% of the Central population
- 0.6% of houses and apartments in Central, 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.