The housing market in Oretta, LA is generally more affordable than the US average. The median value for a house in Oretta is $139,300 compared to $338,100 for the US average. The appreciation rate for houses in Oretta over the past year was 6.09%, which is slightly lower than the 8.27% appreciation rate across the US. Despite this lower rate of appreciation, homes in Oretta are still becoming more valuable and represent a smart investment opportunity for potential buyers.
The median home cost in Oretta is $139,300. Home appreciation the last 10 years has been 54.1%. Home Appreciation in Oretta is up 11.0%.
Average Age of Homes
- The median age of Oretta real estate is 20 years old
The Rental Market in Oretta
- Renters make up 6.0% of the Oretta population
- 0.0% of houses and apartments in Oretta, 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.