The housing market in Lake Providence, LA (Zip Code 71254) is quite affordable compared to the US average. The median value of a house in Lake Providence is $72,800, which is significantly lower than the national median value of $338,100. Although the 1 year house appreciation rate is slightly lower in Lake Providence at 7.40% compared to 8.27% nationally, it still indicates that there has been positive growth and great potential for property investments in the area.
The median home cost in Lake Providence (zip 71254) is $72,800. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Lake Providence (zip 71254) is up 10.1%.
Average Age of Homes
- The median age of Lake Providence (zip 71254) real estate is 43 years old
The Rental Market in Lake Providence (zip 71254)
- Renters make up 43.8% of the Lake Providence (zip 71254) population
- 3.7% of houses and apartments in Lake Providence (zip 71254), 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.