Living in Erath, LA
Erath, LA is a delightful small town nestled in Vermilion Parish, characterized by its friendly atmosphere and community spirit. The region is famous for its crawfish and hosts several festivals celebrating local culture. With access to outdoor activities and a commitment to education, Erath offers a captivating lifestyle for families and individuals alike.
Current Market Conditions in Erath, LA
The real estate market in Erath, LA is currently showing signs of stability and modest growth. Homes in the area, particularly single-family residences, are well-priced compared to larger urban centers, attracting both first-time homebuyers and investors looking for rental opportunities. The combination of low property taxes and a serene environment makes the town appealing for those seeking to invest in real estate.
As demand for housing steadily increases, the market remains competitive, with properties often receiving multiple offers. Investors who act quickly may find great opportunities to acquire homes with potential appreciation. Overall, Erath's real estate market is poised for growth, presenting a favorable environment for investors.
Home Value Estimator For Erath, LA
There are currently 1,623 real estate properties
in Erath, LA,
with a median automated valuation model (AVM) price
of $146,272.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Erath, LA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Erath, LA,
is $166,690.00, with the most expensive house
in Erath, LA, topping out
at $1,037,900.00 and the cheapest home
in Erath, LA,
clocking in at $12,077.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Erath, LA!
Rent Prices
In Erath, LA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Erath, LA, is on
a rollercoaster ride. The
average rent price in Erath, LA,
is $1,174.00. Indeed, when looking to rent in
Erath, LA, you can expect to pay as little
as $610.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,150.00. The good news is that finding
an affordable and desirable property to rent in Erath, LA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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