The housing market in Venice, LA is thriving. The median value of homes is currently $294,700, which is lower than the US median value of $338,100. Additionally, the 1 year house appreciation in Venice, LA is 9.06%, which is higher than the US 1 year appreciation of 8.27%. This indicates that home values are increasing at a greater rate in Venice compared to the national average. Consequently, Venice has become an attractive place for people looking for an affordable and growing housing market.
The median home cost in Venice is $294,700. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Venice is up 12.3%.
Average Age of Homes
- The median age of Venice real estate is 24 years old
The Rental Market in Venice
- Renters make up 12.7% of the Venice population
- 10.1% of houses and apartments in Venice, 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.