The housing market in Minorca, LA is very different from the national average. The median house value in the area is only $147,200 compared to a median of $338,100 throughout the US. Additionally, while the US experienced an 8.27% appreciation rate over the past year, Minorca only experienced a 0.82% appreciation rate - significantly lower than the national average. This suggests that while there may be some growth potential for housing prices in Minorca, it's likely to remain relatively low compared to other areas throughout the country.
The median home cost in Minorca is $147,200. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Minorca is up 8.6%.
Average Age of Homes
- The median age of Minorca real estate is 29 years old
The Rental Market in Minorca
- Renters make up 11.7% of the Minorca population
- 0.0% of houses and apartments in Minorca, 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.