The housing market in Erath, LA is showing positive signs of appreciation. The median value of a house in Erath is $143,100 which is significantly lower than the US median value of $338,100. Despite this large difference between prices, the year-over-year appreciation rate for houses in Erath, LA is 9.19%, higher than the US national average rate of 8.27%. This indicates that despite a slightly lower baseline price point for housing in Erath compared to other areas in the United States, it's still an attractive market for potential homeowners and investors due to its strong appreciation rate.
The median home cost in Erath is $143,100. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Erath is up 12.5%.
Average Age of Homes
- The median age of Erath real estate is 51 years old
The Rental Market in Erath
- Renters make up 34.2% of the Erath population
- 3.1% of houses and apartments in Erath, 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.