The Most Affordable Neighborhoods in Springlake-University Terrace, Shreveport, LA by Home Value

 

Springlake-University Terrace, Shreveport, LA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Springlake-University Terrace area can be challenging. Home prices in Springlake-University Terrace are now at a median cost of $195,280, higher than the Shreveport average of $178,403.

The average cost of rent is $980/mo in Springlake-University Terrace, primarily driven by the current value of real estate in the Springlake-University Terrace area. While nearly 38.80% of residents own their homes outright in Springlake-University Terrace, 31.75% rent.

Housing affordability isn’t just about home prices, though. The average household income in Springlake-University Terrace is $6,020 per month. Households that rent pay about 16.27% of their income on rent here. Springlake-University Terrace's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the neighborhood.


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