Housing in 71466 Otis, LA has a median value of $169,600 which is significantly lower than the US house median value of $338,100. The 1 year house appreciation rate in 71466 Otis, LA is also much lower than the US-wide average of 8.27%, coming out to 1.02%. Despite these lower values and rates of appreciation, housing in 71466 Otis, LA remains desirable due to its affordability relative to other areas of the US.
The median home cost in Otis (zip 71466) is $169,600. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Otis (zip 71466) is up 10.7%.
Average Age of Homes
- The median age of Otis (zip 71466) real estate is 26 years old
The Rental Market in Otis (zip 71466)
- Renters make up 7.6% of the Otis (zip 71466) population
- 0.0% of houses and apartments in Otis (zip 71466), 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.