Housing in 70615 Lake Charles, LA has a median value of $111,900, which is much lower than the United States median home value of $338,100. Compared to the US 1-year house appreciation rate of 8.27%, Lake Charles has had a lower rate of 6.09%. While this represents slower growth for residents looking to increase their home equity, it also makes housing prices much more attainable for those looking to purchase property in the area.
The median home cost in Lake Charles (zip 70615) is $111,900. Home appreciation the last 10 years has been 54.1%. Home Appreciation in Lake Charles (zip 70615) is up 11.0%.
Average Age of Homes
- The median age of Lake Charles (zip 70615) real estate is 35 years old
The Rental Market in Lake Charles (zip 70615)
- Renters make up 28.5% of the Lake Charles (zip 70615) population
- 4.5% of houses and apartments in Lake Charles (zip 70615), 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.