70776, Saint Gabriel, LA

Saint Gabriel is located in the southeastern region of Louisiana. The city has a population of just over 10,000 people and covers an area of just under 2 square miles. Home prices in Saint Gabriel have seen a steady increase over the past few years, reaching a median price of $119,900 as of January 2019.

The city’s home equity market is strong and stable. According to Zillow, the average home value in Saint Gabriel has increased by 5% annually over the past five years. This trend is likely to continue as more and more people are moving into the city and purchasing homes.

One reason for this stability is that there are not many large-scale development projects underway in Saint Gabriel at this time. This means that there is limited competition for homes on the market, which keeps prices high.

Another factor contributing to the high home values in Saint Gabriel is its low unemployment rate – currently at 3%. This means that there are plenty of potential buyers looking to purchase homes, even though demand may be slightly higher than supply due to limited inventory availability.

Overall, it seems that Saint Gabriel’s home equity market will continue to be strong for some time to come – especially given its low unemployment rate and stable economy.