The housing market in Zachary, LA is quite strong. The median value for homes in the area is $241,000, which is considerably lower than the US house median value of $338,100. Despite this disparity in price, the one-year house appreciation rate for the area is 13.15%, much higher than the 8.27% appreciation rate seen across the US as a whole. This indicates that home prices in Zachary are increasing significantly faster than those across the country and makes it an attractive place to invest in property.
The median home cost in Zachary is $241,000. Home appreciation the last 10 years has been 51.4%. Home Appreciation in Zachary is up 13.2%.
Average Age of Homes
- The median age of Zachary real estate is 20 years old
The Rental Market in Zachary
- Renters make up 23.0% of the Zachary population
- 2.5% of houses and apartments in Zachary, 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.