The median house value in 71118 Shreveport, LA is $155,100, which is much lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate was 8.27%, while the Housing 1 year appreciation rate in 71118 Shreveport, LA was much lower at 1.91%. This suggests that the housing market in this area has been relatively stagnant compared to the rest of the country. This could be due to a number of factors including economic conditions or local market volatility. Nevertheless, it is important for potential buyers and sellers to be aware of the current housing prices and trends when considering purchasing or selling property in this area.
The median home cost in Shreveport (zip 71118) is $155,100. Home appreciation the last 10 years has been 29.1%. Home Appreciation in Shreveport (zip 71118) is up 11.2%.
Average Age of Homes
- The median age of Shreveport (zip 71118) real estate is 41 years old
The Rental Market in Shreveport (zip 71118)
- Renters make up 34.1% of the Shreveport (zip 71118) population
- 4.5% of houses and apartments in Shreveport (zip 71118), 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.