The housing market in 71358 Palmetto, LA is quite different than the national average. The median value of a home in this area is $117,400 - nearly one-third of the US house median value of $338,100. However, while the US saw an 8.27% appreciation in housing values over the past year, 71358 Palmetto only saw a 0.82% appreciation rate. This indicates that it is still a buyers market in this area and home values are relatively stable compared to other parts of the country.
The median home cost in Palmetto (zip 71358) is $117,400. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Palmetto (zip 71358) is up 8.6%.
Average Age of Homes
- The median age of Palmetto (zip 71358) real estate is 45 years old
The Rental Market in Palmetto (zip 71358)
- Renters make up 19.4% of the Palmetto (zip 71358) population
- 0.7% of houses and apartments in Palmetto (zip 71358), 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.