New Roads, LA has been seeing considerable appreciation in housing values over the past year. The median value of a house in New Roads is currently $139,500 compared to the US median value of $338,100. Over the past year, New Roads houses have appreciated by 13.15%, which is higher than the 8.27% growth rate nationally. This appreciating market means that homeowners and potential buyers alike may find themselves with greater equity and financial security than before if they decide to invest in this area.
The median home cost in New Roads is $139,500. Home appreciation the last 10 years has been 51.4%. Home Appreciation in New Roads is up 13.2%.
Average Age of Homes
- The median age of New Roads real estate is 46 years old
The Rental Market in New Roads
- Renters make up 37.3% of the New Roads population
- 3.1% of houses and apartments in New Roads, 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.