The Most Affordable Neighborhoods in Gramercy, LA by Home Value

 

Gramercy, LA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gramercy area can be challenging. Home prices in Gramercy are now at a median cost of $191,443, lower than the Louisiana average of $194,522.

The average cost of rent is $1,013/mo in Gramercy, primarily driven by the current value of real estate in the Gramercy area. While nearly 44.35% of residents own their homes outright in Gramercy, 20.54% rent.

Housing affordability isn’t just about home prices, though. The average household income in Gramercy is $6,313 per month. Households that rent pay about 16.04% of their income on rent here. Gramercy's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.


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