The housing in Richland, LA County is very different from the US median value. The median value in Richland, LA County is only $114,900 compared to the US median of $338,100. Despite this difference in value, the 1 year appreciation rate for housing in Richland, LA County is still quite high at 5.41%, which is lower than the national average of 8.27%. This indicates that despite its lower value than other parts of the country, there is still potential for growth and investment in Richland's housing market.
The median home cost in Richland County is $114,900. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Richland County is up 10.1%.
Average Age of Homes
- The median age of Richland County real estate is 39 years old
The Rental Market in Richland County
- Renters make up 29.9% of the Richland County population
- 0.9% of houses and apartments in Richland 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.