The housing market in Olla, LA is significantly different than the national average. The median value of a house in Olla is $107,000, compared to the US median of $338,100. Additionally, while the US 1 year house appreciation rate was 8.27%, it was only 1.02% in Olla over the same time period. Therefore, it can be inferred that while house prices may be more affordable in Olla, they are not likely to increase at the same rate as the national average.
The median home cost in Olla is $107,000. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Olla is up 10.7%.
Average Age of Homes
- The median age of Olla real estate is 42 years old
The Rental Market in Olla
- Renters make up 19.8% of the Olla population
- 0.0% of houses and apartments in Olla, 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.