Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Red Gum area can be challenging. Home prices in Red Gum are now at a median cost of $315,868, higher than the Louisiana average of $194,522.
The average cost of rent is $582/mo in Red Gum, primarily driven by the current value of real estate in the Red Gum area. While nearly 59.14% of residents own their homes outright in Red Gum, 12.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Red Gum is $8,743 per month. Households that rent pay about 6.66% of their income on rent here. Red Gum's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Minorca, LA: less expensive homes
- Clayton, LA: less expensive homes
- Ferriday, LA: less expensive homes
- Canebrake, LA: equally priced homes
- Spokane, LA: equally priced homes
- Ridgecrest, LA: less expensive homes
- Vidalia, LA: less expensive homes
- Pine Ridge, MS: less expensive homes
- Frogmore, LA: less expensive homes
- St. Genevieve, LA: less expensive homes
Cities with Similar Populations
- Wailea, HI: higher priced homes
- Batesville, OH: less expensive homes
- Baugh, TN: less expensive homes
- Baxter, WV: less expensive homes
- Bay City, WA: less expensive homes
- Bayview, AL: less expensive homes
- Bayview, NC: less expensive homes
- Beaconsfield, IA: less expensive homes
- Zoar, MA: less expensive homes
- Birmingham, PA: less expensive homes
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