Hessmer, LA is a small town located in the state of Louisiana. The median value of a house in Hessmer, LA is $113,700, which is much lower than the US median value of $338,100. In addition, while the US housing appreciation rate over the past year was 8.27%, Hessmer only had an appreciation rate of 0.82%. This indicates that housing in Hessmer has not been appreciating as quickly as it has been across the rest of the country. Despite this slower appreciation rate, housing in Hessmer is still relatively affordable and attractive to potential buyers.
The median home cost in Hessmer is $113,700. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Hessmer is up 8.6%.
Average Age of Homes
- The median age of Hessmer real estate is 33 years old
The Rental Market in Hessmer
- Renters make up 21.8% of the Hessmer population
- 6.1% of houses and apartments in Hessmer, 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.