The housing market in Summerfield, LA (71079) is relatively affordable compared to the US median value of $338,100. The median value of homes in this area is $78,100, which offers an attractive option for potential home buyers. Although the US House Appreciation year on year is 8.27%, the House appreciation in Summerfield over the last year was 5.41%. This shows that while the housing prices are increasing slightly, it is not at the same rate as the US average and it still remains a very desirable area to invest in real estate.
The median home cost in Summerfield (zip 71079) is $78,100. Home appreciation the last 10 years has been 31.9%. Home Appreciation in Summerfield (zip 71079) is up 12.2%.
Average Age of Homes
- The median age of Summerfield (zip 71079) real estate is 21 years old
The Rental Market in Summerfield (zip 71079)
- Renters make up 23.8% of the Summerfield (zip 71079) population
- 0.0% of houses and apartments in Summerfield (zip 71079), 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.