What Lake Is The Cheapest To Buy A Home In Louisiana?
If you live in Louisiana and are thinking about purchasing a home on the Lake in Louisiana, we have the Top 5 Cheapest Lakes to buy a home in Louisiana. Whether you're looking to buy a piece of property to live in, for a vacation home, or maybe you're looking to have an investment project...
The State of Louisiana has some of the most beautiful lakes with plenty of stunning scenery. If you want a lakefront property, you don't even have to spend an arm and a leg on the property.
Our friends over at A-Z Animals put together a list of the cheapest lakes in Louisiana to buy a home in Louisiana and here's what they had to say...
The city of Hackberry, LA, is home to Calcasieu Lake. It’s a suburban-rural blend of lakefront life. Living in this small town people affords you the quiet respite from city living. Buying a second home on this lake is not only cheap, but it’s an investment in tranquility.
The cost of living in this lakeside community is 12.2% less expensive than other places around the country. An average house costs about $200,000, which is 65.8% cheaper than the national average. If you’re planning to buy a second home as an Airbnb or rental property, the average monthly rent is about $1,100, which could earn you a nice profit over time.
With 630 square acres to its name, Lake Pontchartrain is the largest inland body of water in Louisiana. It’s technically an estuary, but that doesn’t diminish from its beauty and plentiful activities available on the water.
While there are definitely mansions and luxury homes you can buy in the area, Lake Pontchartrain also offers cheaper second-home options. In Metairie, a neighborhood on Lake Pontchartrain, the median sale price of a home is about $300,000. That’s about 11% less expensive than the national average.
One of the country’s most beautiful lakes, Caddo Lake is a naturally formed lake with 400-year-old cypress trees adorned with hanging Spanish moss garnishing its waters. Living on this lake offers a uniquely stunning background on which to pursue many lake adventures, including kayaking, fishing, and simply watching the amazing wildlife.
Besides the area’s innate beauty, Caddo Parish has a great cost of living index. The total cost of living is 22.3% lower than the national average. Buying a home is relatively inexpensive, too. With an average Caddo Parish home costing about $157,000, that’s 114.8% cheaper than other homes in the U.S.
In the Rapides Parish of Louisiana, you’ll find the stunning Cotile Lake, which is a manmade reservoir in the town of Boyce. Residents of this area often refer to it as one of Louisiana’s best-kept secrets. Due to its out-of-the-way nature, homes around Cotile Lake have the benefits of both wonderful scenery as wells as privacy.
The median home price around Cotile Lake is about $350,000. Rent, on average, is $1,061 a month, so using a second home as an Airbnb or rental property may bring in a good profit. However, since Boyce’s healthcare is 12% lower than other places nationally and groceries are 3% less, you may want to keep your second home on Cotile Lake as a retirement or vacation home.
In Lake Charles, people have the benefit of living in a town with a sparse suburban vibe. It has one of the lowest crime rates in the state, and there’s a relaxed feel in the community. The historic architecture, especially in the downtown area, gives residents a picturesque background as they stroll among its many stores and restaurants.
The overall cost of living in Lake Charles is 15% lower than the national average. Moreover, housing is 30% less expensive, so buying a second home is a good investment. The median rent per month is $961, so renting your second home could bring in a nice profit.
If you just want to have a place to get away — a lakefront vacation home — the median price of around $316,000 can buy you a gorgeous setting. Utilities are 23% cheaper than the national average, while the cost of groceries is 6% less than nationally. Not to mention, healthcare is lower, which is great if you end up retiring to that magnificent Lake Charles home.
Beautiful Parks of Southwest Louisiana