Grand Isle, LA is an area that has seen a great amount of appreciation in housing values over the past year. The median housing value for the area is $219,600, which is significantly lower than the US median value of $338,100. Despite this, Grand Isle has experienced a 10.21% appreciation in value over the last year compared to the 8.27% 1-year appreciation rate for the US as a whole. This higher rate of appreciation indicates that Grand Isle is gaining more popularity with buyers and investors than other areas of the country and is becoming an attractive market to buy real estate in.
The median home cost in Grand Isle is $219,600. Home appreciation the last 10 years has been 32.8%. Home Appreciation in Grand Isle is up 10.5%.
Average Age of Homes
- The median age of Grand Isle real estate is 33 years old
The Rental Market in Grand Isle
- Renters make up 5.5% of the Grand Isle population
- 1.4% of houses and apartments in Grand Isle, 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.