The housing market in 70818 Central, LA is currently quite strong. The median value of homes in the area is $228,000, which is considerably lower than the US median value of $338,100. However, home values have appreciated by 8.15% over the past year, which is just 0.12% less than the US average of 8.27%. With such a healthy appreciation rate and relatively low median home value, 70818 Central, LA is an attractive option for prospective buyers looking to get into the housing market.
The median home cost in Central (zip 70818) is $228,000. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Central (zip 70818) is up 9.6%.
Average Age of Homes
- The median age of Central (zip 70818) real estate is 35 years old
The Rental Market in Central (zip 70818)
- Renters make up 20.8% of the Central (zip 70818) population
- 1.5% of houses and apartments in Central (zip 70818), 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.