The town of Madisonville, Louisiana is situated near the Tchefuncte River within St. Tammany Parish. Known locally as one of the oldest towns in the state and home to solely one traffic light in town, the community of Madisonville offers residents an inviting respite away from the hustle and bustle of the New Orleans metro area while keeping every single needed amenity within arm's reach. Madisonville is located along the banks of the Tchefuncte River where the river meets Lake Pontchartrain. Here at the river and lake, residents can go fishing, boating, swimming, and picnicking along the shoreline. Annual beach events such as the Back to the Beach Festival are also held at the lake.
Students in Madisonville, LA are served by the schools of the St. Tammany Parish Schools district and once students graduate, they may attend any number of area colleges and universities such as Delgado Community College and Southeastern Louisiana University.
Because of the town's location along the Tchefuncte River, it's no surprise that Madisonville is known for its fabulous seafood restaurants and relaxed lifestyle. Additionally, the real estate market in Madisonville is just as appealing if not for its affordability, then for its quiet, resort-like lifestyle. Real estate options in Madisonville consist primarily of single-family homes, waterfront and lakefront properties, and a few listings for townhouses and lakeside condominiums.
Madisonville, Louisiana Real Estate Market - Prices of Homes for Sale
Madisonville, Louisiana's real estate market features classically styled waterfront homes, single-family properties, and a few listings of townhouses and condominiums. Starting from just under $130,000, buyers can easily purchase a 3 bedroom/2 bathroom home located on a grassy wooded lot complete with a fenced-in backyard?perfect for the kids to run around and play. Waterfront homes, new construction, and lakefront estates in Madisonville, LA run a bit higher in terms of pricing, starting from $550,000 to $2 million. Though rare, listings for townhouses and condos in Madisonville run anywhere from $140,000 to $330,000. Land and lots for custom building are also available starting from $6,000 to $2.5 million. Pricing is dependent on location, topography, and utilities present.
Madisonville Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $237,399 compared to $237,399 the previous week, to remain steady with no change in listing price. For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.