Housing in Oak Ridge, LA (zip code 71264) is quite affordable when compared to the US median value of $338,100. The median value in Oak Ridge is $127,200 which is much lower than the national average. In addition, the one year house appreciation rate for this area is 7.40%, slightly lower than the US average of 8.27%. This could be a great opportunity for those looking to invest in a new home, or those looking to relocate to an affordable area with moderate growth potential.
The median home cost in Oak Ridge (zip 71264) is $127,200. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Oak Ridge (zip 71264) is up 10.1%.
Average Age of Homes
- The median age of Oak Ridge (zip 71264) real estate is 40 years old
The Rental Market in Oak Ridge (zip 71264)
- Renters make up 10.0% of the Oak Ridge (zip 71264) population
- 0.7% of houses and apartments in Oak Ridge (zip 71264), 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.