The housing market in Monterey, LA (zip code 71354) is far below the national median value of $338,100. The median housing value for Monterey is only $142,400, which indicates a much slower market compared to the rest of the nation. In fact, while the US saw an 8.27% home appreciation rate over the past year, Monterey only experienced a 0.82% increase in home values. This shows that potential buyers need to be aware of their local market and research into what offers they should expect to receive when looking at homes in Monterey.
The median home cost in Monterey (zip 71354) is $142,400. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Monterey (zip 71354) is up 8.6%.
Average Age of Homes
- The median age of Monterey (zip 71354) real estate is 37 years old
The Rental Market in Monterey (zip 71354)
- Renters make up 23.2% of the Monterey (zip 71354) population
- 3.2% of houses and apartments in Monterey (zip 71354), 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.