The housing market in Lake Arthur, LA is quite strong compared to the national average. The median value of homes in Lake Arthur is $89,800, which is significantly lower than the US median home value of $338,100. Despite this difference, the 1 year house appreciation rate for Lake Arthur is 9.19%, higher than the 8.27% appreciation rate for homes across the US over the same period. This indicates that home values in Lake Arthur are increasing at a faster rate than the national average, making it an attractive place to buy and invest in real estate.
The median home cost in Lake Arthur is $89,800. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Lake Arthur is up 12.5%.
Average Age of Homes
- The median age of Lake Arthur real estate is 49 years old
The Rental Market in Lake Arthur
- Renters make up 20.1% of the Lake Arthur population
- 6.0% of houses and apartments in Lake Arthur, 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.