Housing in 71016 Castor, LA is quite affordable compared to other areas in the country. The median value of housing in this area is $110,600, which is significantly lower than the US House median value of $338,100. This difference means that houses here are much more accessible for potential buyers. In terms of appreciation, over the course of one year the US House appreciated by 8.27%, while houses in 71016 Castor, LA appreciated by 5.41%. This indicates that housing prices here are relatively stable and not likely to be drastically affected by market fluctuations. Despite these economic benefits, overall housing prices remain low making this area an attractive option for potential buyers looking for a great deal on their next home.
The median home cost in Castor (zip 71016) is $110,600. Home appreciation the last 10 years has been 31.9%. Home Appreciation in Castor (zip 71016) is up 12.2%.
Average Age of Homes
- The median age of Castor (zip 71016) real estate is 34 years old
The Rental Market in Castor (zip 71016)
- Renters make up 17.4% of the Castor (zip 71016) population
- 2.1% of houses and apartments in Castor (zip 71016), 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.