The housing market in 70518 Broussard, LA is quite robust. The median value of a house in the area is $262,600, which is significantly less than the US median value of $338,100. This difference can be attributed to the fact that the 1 year house appreciation rate in 70518 Broussard, LA is 9.19%, slightly higher than the US-wide rate of 8.27%. This promising rate of house appreciation indicates that buying a home now could be a great way to build equity over time. Furthermore, with the median value being lower than US-wide figures, prospective buyers may find it easier to enter into the 70518 Broussard market at a relatively lower cost and still benefit from increasing home values down the line.
The median home cost in Broussard (zip 70518) is $262,600. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Broussard (zip 70518) is up 12.5%.
Average Age of Homes
- The median age of Broussard (zip 70518) real estate is 25 years old
The Rental Market in Broussard (zip 70518)
- Renters make up 25.2% of the Broussard (zip 70518) population
- 1.7% of houses and apartments in Broussard (zip 70518), 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.