Purchasing a home is a significant investment, and home prices have been rising across the United States. The typical home value in the US was $368,720 in May, 0.8% higher than the previous year. High mortgage rates are also making monthly payments more expensive, with the 30-year fixed mortgage rate at 6.52% as of June 11.
Shreveport Metro Area Home Prices
Location, size, age, and condition are all factors that contribute to home value. In the Shreveport metro area, home prices vary significantly from city to city. According to data from Zillow, the cities with the most expensive homes in the area are:
- Stonewall, LA, with a typical home value of $365,019
- Benton, LA, with a typical home value of $349,207
- Haughton, LA, with a typical home value of $255,798
- Greenwood, LA, with a typical home value of $255,302
- Bethany, LA, with a typical home value of $244,615
On the other end of the spectrum, the cities with the least expensive homes in the area are:
- Mansfield, LA, with a typical home value of $95,975
- Vivian, LA, with a typical home value of $97,704
- Rodessa, LA, with a typical home value of $115,014
Original reporting: KTBS 3 (Shreveport) — read the source article.
