The housing in New Llano, LA is significantly more affordable than the national average. The median value of a house in New Llano is approximately $108,800, which is almost three times less than the U.S. median house value of $338,100. Although the appreciation rate for houses nationwide has been around 8.27% in the past year, this number has been considerably lower in New Llano, standing at 1.02%. Despite this slower growth rate in home values, it may still be an attractive option when considering purchasing or renting a home. For those looking for an affordable living space without sacrificing quality or amenities, New Llano may be worth exploring further.
The median home cost in New Llano is $108,800. Home appreciation the last 10 years has been 41.2%. Home Appreciation in New Llano is up 10.7%.
Average Age of Homes
- The median age of New Llano real estate is 39 years old
The Rental Market in New Llano
- Renters make up 47.0% of the New Llano population
- 4.5% of houses and apartments in New Llano, 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.