Housing in 71040 Homer, LA is very affordable compared to the national median value. The median housing value in 71040 Homer, LA is $71,700 while the national median value is $338,100 - making it much more accessible for potential buyers. Over the last year, house appreciation across the country was 8.27%, however houses in 71040 Homer saw a slightly lower appreciation rate of 5.41%. This still offers potential buyers an opportunity to invest in property at a reasonable cost with lower appreciation rates than most other parts of the country.
The median home cost in Homer (zip 71040) is $71,700. Home appreciation the last 10 years has been 31.9%. Home Appreciation in Homer (zip 71040) is up 12.2%.
Average Age of Homes
- The median age of Homer (zip 71040) real estate is 41 years old
The Rental Market in Homer (zip 71040)
- Renters make up 19.5% of the Homer (zip 71040) population
- 1.3% of houses and apartments in Homer (zip 71040), 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.