The housing market in 71109 Shreveport, LA has a median value of $77,100. This is significantly lower than the US median value of $338,100. The US 1 year house appreciation rate is 8.27%, while the appreciation rate in Shreveport is only 1.91%. Despite the low appreciation rate, this could be an opportunity for potential buyers to enter the market and benefit from an affordable housing price point.
The median home cost in Shreveport (zip 71109) is $77,100. Home appreciation the last 10 years has been 29.1%. Home Appreciation in Shreveport (zip 71109) is up 11.2%.
Average Age of Homes
- The median age of Shreveport (zip 71109) real estate is 53 years old
The Rental Market in Shreveport (zip 71109)
- Renters make up 40.6% of the Shreveport (zip 71109) population
- 4.8% of houses and apartments in Shreveport (zip 71109), 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.