Lake Charles, LA

Population: 74,024
Average annual home appreciation rate: 7.10%
Total of homes for sale in this market: 41
Median home price: $135,822
Median Rent: $814 per room
Home price range: 39.61% of homes are between $111,001 – $221,000
Median sales price: Still gathering data
Number of homes: 285
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 70.51% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 13.30%
Number of renters: 46.39%
Number of owner occupied: 53.61%
Number people living below poverty level: 21.61%
Unemployment rate: 6.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lake Charles area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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