Home prices
The value of the median home in Gramercy is $142,000. It is approximately $10,400 (6%) lower in comparison to its surrounding areas.It is about $75,500 (34%) lower compared to the nation as a whole, and compared to the city of New Orleans it is roughly $89,500 (38%) lower.
Rents
In Gramercy the median rent is $961 a month. It is approximately $311 (47%) higher in comparison to its surrounding areas.It is approximately $101 (9%) lower compared to the rest of the nation, and compared to the city of New Orleans is roughly $37 (3%) lower.
Nearby places
Wallace
Wallace is roughly 3 miles southeast from Gramercy. The real estate prices there are a little more expensive. The cost of the median home in Wallace is $169,300, which is $27,300 (16%) higher than Gramercy. The rent there is a bit more expensive. The median monthly rent in Wallace is $1,045, which is $84 (8%) higher than Gramercy.
Grand Point
Grand Point is roughly 3 miles west of Gramercy. Housing prices there are substantially more expensive. The median home in Grand Point is valued at $229,600, which works out to $87,600 (38%) higher than Gramercy. The rent there is a lot less expensive. The median rent in Grand Point is $438 per month, which is $523 (119%) lower than Gramercy.
North Vacherie
North Vacherie is approximately 4 miles south from Gramercy. Its real estate prices are similar. The price of the median home in North Vacherie is $143,900, which works out to $1,900 (1%) higher than Gramercy. Rent there is significantly less expensive. In North Vacherie the median monthly rent is $379, which comes out to $582 (153%) lower than Gramercy.
Reserve
Reserve is roughly 7 miles east from Gramercy. Housing prices there are somewhat less expensive. The value of the median home in Reserve is $121,500, which is $20,500 (16%) lower than Gramercy. Rents there are a lot less expensive. In Reserve the median rent is $670 per month, which is $291 (43%) lower than Gramercy.
Edgard
Edgard is roughly 8 miles east of Gramercy. Real estate prices there are substantially less expensive. The median home in Edgard costs $97,700, which works out to $44,300 (45%) lower than Gramercy. Its rents are significantly less expensive. In Edgard the median monthly rent is $719, which comes out to $242 (33%) lower than Gramercy.
