The housing market in 71424 Elmer, LA is much cheaper than the US median. The median value of a home in Elmer is $140,400 while the US median is $338,100. Although the US has seen an 8.27% increase in home values over the past year, Elmer has only seen a 1.02% appreciation. Despite the low appreciation rate, buyers are still attracted to this area due to its lower than average prices.
The median home cost in Elmer (zip 71424) is $140,400. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Elmer (zip 71424) is up 10.7%.
Average Age of Homes
- The median age of Elmer (zip 71424) real estate is 40 years old
The Rental Market in Elmer (zip 71424)
- Renters make up 15.7% of the Elmer (zip 71424) population
- 0.0% of houses and apartments in Elmer (zip 71424), 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.