The housing market in Orleans, LA County is generally less expensive than the US average. The median value of a house in Orleans, LA County stands at $270,400, compared to the US House median value of $338,100. While the US experienced an 8.27% appreciation rate over the last year, Orleans, LA County experienced a slightly lower rate of 7.40%. Despite this decrease in appreciation rate, Orleans remains a desirable area for living with its more affordable housing prices compared to the national average.
The median home cost in Orleans County is $270,400. Home appreciation the last 10 years has been 74.3%. Home Appreciation in Orleans County is up 9.2%.
Average Age of Homes
- The median age of Orleans County real estate is 60 years old
The Rental Market in Orleans County
- Renters make up 41.8% of the Orleans County population
- 2.9% of houses and apartments in Orleans County, 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.