Buras, LA—70041
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Buras, LA
As of Oct '25, the median home price in Buras, LA is $107,000, with a year-over-year change of -9.5%. This indicates that home prices in Buras, LA are decreasing. According to Zillow, the 1-year price projection is -4.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $107,000 | -9.5% |
| Single Family | $106,000 | -9.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Buras, LA
As of July '25, Rentcast reports the average rent in Buras, LA is $1,590, with a year-over-year rent change of -21.3%. Per bedroom, the median rent as of July '25 in Buras, LA is 1-bedrooms: $1,000, 2-bedrooms: $1,740, 3-bedrooms: $1,510. The most common rental property sizes in Buras, LA are 3-bedroom and 2-bedroom, accounting for 41.9% and 37.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | $1,450 | $1,740 |
| 3 Bed Rent | $1,300 | $1,510 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Buras, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Buras, LA is 98. This is a decrease of -52.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $214,000 | -28.0% |
Listing Count | 10 | -9.0% |
| Listings as % of Homes | 0.8% | -9.0% |
Days on Market | 98 | -52.0% |
Demographics — Buras, LA
As of the latest ACS Survey released in 2023, Buras, LA has a population of 2,090, which has decreased by -21.6% over the past 5 years. Buras, LA is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 4.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,090 | -21.6% |
% Under 18 | 22.4% | -21.7% |
% Seniors | 15.8% | 17.9% |
% WFH | 1.0% | -37.5% |
% w/ College Degree | 4.2% | -54.8% |
As of the latest ACS Survey released in 2023, Buras, LA is a predominantly white area, with 57.1% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Buras, LA is asian, making up 19.2% of the population. Foreign-born residents account for 15.6% of the population in Buras, LA, and this percentage has increased by 8.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.1% | 0.7% |
% Black | 15.3% | -7.8% |
% Hispanic | 0.3% | -81.2% |
% Asian | 19.2% | 2.7% |
% Foreign Born | 15.6% | 8.3% |
Mortgage and Risk — Buras, LA
According to HUD data as of 2023, there were 6 mortgage originations in Buras, LA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 90.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Buras, LA. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 6 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 33.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Buras, LA
Buras, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 37.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,000 | $1,100 |
| 2 Bedroom | -$130 | $1,450 | $1,320 |
| 3 Bedroom | $390 | $1,300 | $1,690 |
| 4 Bedroom | N/A | N/A | $1,980 |
Affordability — Buras, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $107,000 |
| Median Household Income | $35,300 |