The housing situation in 70601 Lake Charles, LA is quite different from the US median. According to recent data, the median value of a house in 70601 is currently $141,100, significantly lower than the US median of $338,100. In addition, while the US experienced a year-on-year appreciation rate of 8.27%, the appreciation rate for housing in 70601 was 6.09%. This indicates that despite still being relatively low compared to the national average, there has been an increase in house prices within this area over the past year.
The median home cost in Lake Charles (zip 70601) is $141,100. Home appreciation the last 10 years has been 54.1%. Home Appreciation in Lake Charles (zip 70601) is up 11.0%.
Average Age of Homes
- The median age of Lake Charles (zip 70601) real estate is 55 years old
The Rental Market in Lake Charles (zip 70601)
- Renters make up 40.4% of the Lake Charles (zip 70601) population
- 3.4% of houses and apartments in Lake Charles (zip 70601), 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.