The housing market in 70607 Lake Charles, LA is not quite as robust as the US overall, but is still a healthy option for potential home buyers. The median value of a home in this area is $161,700, which is significantly lower than the US median of $338,100. However, homes in this area still experience appreciation over time with an estimated 6.09% increase over the last year compared to the 8.27% growth seen nationally. Investing in housing in 70607 Lake Charles is an attractive option due to its affordability and long-term value potential.
The median home cost in Lake Charles (zip 70607) is $161,700. Home appreciation the last 10 years has been 54.1%. Home Appreciation in Lake Charles (zip 70607) is up 11.0%.
Average Age of Homes
- The median age of Lake Charles (zip 70607) real estate is 31 years old
The Rental Market in Lake Charles (zip 70607)
- Renters make up 34.7% of the Lake Charles (zip 70607) population
- 3.0% of houses and apartments in Lake Charles (zip 70607), 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.