Harvey, LA—70058
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harvey, LA
As of Oct '25, the median home price in Harvey, LA is $222,000, with a year-over-year change of 4.1%. This indicates that home prices in Harvey, LA are increasing. According to Zillow, the 1-year price projection is -3.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $222,000 | 4.1% |
| Single Family | $223,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | 7.7% |
3 Bed | $222,000 | 2.8% |
4 Bed | $270,000 | 3.4% |
| 5 Bed | $407,000 | 8.0% |
% of Housing Stock
Rental Trends — Harvey, LA
As of July '25, Rentcast reports the average rent in Harvey, LA is $1,780, with a year-over-year rent change of 7.2%. Per bedroom, the median rent as of July '25 in Harvey, LA is studios: $892, 1-bedrooms: $1,100, 2-bedrooms: $1,300, 3-bedrooms: $1,890, 4-bedrooms: $2,390. The most common rental property sizes in Harvey, LA are 2-bedroom and 3-bedroom, accounting for 49.6% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,780 |
| Studio Rent | $892 | $892 |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,200 | $1,300 |
| 3 Bed Rent | $1,850 | $1,890 |
| 4 Bed Rent | $2,480 | $2,390 |
% of Rental Stock
Property Listings — Harvey, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Harvey, LA is 50. This is a decrease of -24.0% 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 | $252,000 | 2.0% |
Listing Count | 109 | 3.0% |
| Listings as % of Homes | 0.5% | 3.0% |
Days on Market | 50 | -24.0% |
Demographics — Harvey, LA
As of the latest ACS Survey released in 2023, Harvey, LA has a population of 39,700, which has increased by 3.5% over the past 5 years. Harvey, LA is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,700 | 3.5% |
% Under 18 | 25.0% | 4.6% |
% Seniors | 15.2% | 18.8% |
% WFH | 4.8% | 300.0% |
% w/ College Degree | 20.0% | -0.5% |
As of the latest ACS Survey released in 2023, Harvey, LA is a predominantly black area, with 58.2% of the population identifying as black. The black population has grown by 9.2% in the last 5 years. The second most common race or ethnicity in Harvey, LA is white, making up 20.3% of the population. Foreign-born residents account for 13.1% of the population in Harvey, LA, and this percentage has increased by 26.0% 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 | 20.3% | -27.0% |
% Black | 58.2% | 9.2% |
% Hispanic | 13.1% | 13.9% |
% Asian | 7.3% | 19.7% |
% Foreign Born | 13.1% | 26.0% |
Mortgage and Risk — Harvey, LA
According to HUD data as of 2023, there were 328 mortgage originations in Harvey, LA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Harvey, LA. Investor activity is low, as 5.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 328 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Harvey, LA
As of 2024, the percent of homes in Harvey, LA under the Section 8 program is 21.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Harvey, LA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,159 |
Total Units Section 8 | 1,159 |
% Rentals under Section 8 | 21.4% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,100 | $1,250 |
| 2 Bedroom | $290 | $1,200 | $1,490 |
| 3 Bedroom | $50 | $1,850 | $1,900 |
| 4 Bedroom | -$240 | $2,480 | $2,240 |
Affordability — Harvey, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $222,000 |
| Median Household Income | $58,500 |