The housing market in 83540 Lapwai, ID is currently thriving. The median value of housing in the area is $324,000, which is significantly lower than the US median value of $338,100. This indicates that there may be a great deal of potential for growth over time. In fact, in the last year alone, house appreciation has been 15.69%, which is nearly double the rate of US house appreciation (8.27%). This rapid appreciation could prove to be very advantageous for new home buyers looking to invest in the 83540 Lapwai housing market.
The median home cost in Lapwai (zip 83540) is $324,000. Home appreciation the last 10 years has been 116.3%. Home Appreciation in Lapwai (zip 83540) is up 21.5%.
Average Age of Homes
- The median age of Lapwai (zip 83540) real estate is 40 years old
The Rental Market in Lapwai (zip 83540)
- Renters make up 35.0% of the Lapwai (zip 83540) population
- 0.2% of houses and apartments in Lapwai (zip 83540), 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.