The housing market in 70556 Mermentau, LA is very attractive right now. The median value for a house in the area is $63,200 which is substantially lower than the US median house value of $338,100. In the last year alone, the appreciation rate of houses in 70556 Mermentau, LA was 9.19%, which is slightly higher than the US 1 year house appreciation of 8.27%. It appears that now would be a great time to buy or invest in Real Estate in this area given how much more affordable it is than other parts of the country and the potential for future gains.
The median home cost in Mermentau (zip 70556) is $63,200. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Mermentau (zip 70556) is up 12.5%.
Average Age of Homes
- The median age of Mermentau (zip 70556) real estate is 47 years old
The Rental Market in Mermentau (zip 70556)
- Renters make up 51.4% of the Mermentau (zip 70556) population
- 3.6% of houses and apartments in Mermentau (zip 70556), 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.