The housing market in 71452 Melrose, LA is significantly lower than the US median value at $71,300. However, while the US has seen a 8.27% appreciation in house prices over the last year, Melrose has only experienced a 1.02% increase. Despite this minor increase in house prices, there is still potential for growth and purchasing a home in Melrose is an attractive option for those looking to invest or buy a home at an affordable price.
The median home cost in Melrose (zip 71452) is $71,300. Home appreciation the last 10 years has been 41.2%. Home Appreciation in Melrose (zip 71452) is up 10.7%.
Average Age of Homes
- The median age of Melrose (zip 71452) real estate is 34 years old
The Rental Market in Melrose (zip 71452)
- Renters make up 8.6% of the Melrose (zip 71452) population
- 0.0% of houses and apartments in Melrose (zip 71452), 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.