70644, Grant, LA

The 70644 zip code of Grant, Louisiana has a median home value of $119,000 and a median home equity value of $146,000. These values are significantly higher than the national median home value of $181,500 and the national median home equity value of $142,600. The Grant area is also experiencing significant growth in both home values and home equity values. In 2017, the average home value in the Grant zip code grew by 7.5% while the average home equity value grew by 10%. This strong growth indicates that there is considerable opportunity for homeowners in this area to increase their wealth over time.

One factor contributing to these high values is the low unemployment rate in Grant – only 4.4% as of May 2018 – which has led to increased demand for homes and property. Additionally, Grant is located within close proximity to major metropolitan areas such as Baton Rouge and New Orleans, which has helped drive up demand for housing in this area. Another contributing factor may be the prevalence of affluent families in Grant – as measured by income levels – which may have led to increased spending on housing amenities such as larger homes with more bedrooms and bathrooms.

Despite these positive trends, there are some potential risks associated with investing in homes in the Grant area. For example, if interest rates rise significantly from their current lows or if another economic recession hits later on down the road, homeowners could find themselves struggling to pay off their mortgages orhome equity loans at current prices. Additionally, although Grantarea real estate prices are currently very high compared to other parts ofthe country, they may not continue growing at this pace indefinitely due to various factors including increasing competition from other areas within Louisiana or across state lines