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La Place, LA—70068

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$208,000
6.5% YoY Growth
Household Income
$69,300
13.2% YoY Growth
Days on Market
75
8.0% Shorter YoY
Home Price Forecast
-2.8%
Median Rent
$1,750
0.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,280
8.8% YoY Growth
3-Bed Rent
$1,850
2.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — La Place, LA

As of Dec '25, the median home price in La Place, LA is $208,000, with a year-over-year change of -6.5%. This indicates that home prices in La Place, LA are decreasing. According to Zillow, the 1-year price projection is -2.8%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$208,000-6.5%
Single Family $209,000-6.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$139,000-1.4%
    3 Bed
    		$206,000-3.3%
    4 Bed
    		$248,000-0.4%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    3.1%
    2 Bedrooms
    13.5%
    3 Bedrooms
    59.8%
    4 Bedrooms
    19.9%
    5+ Bedrooms
    2.8%

    Rental Trends — La Place, LA

    As of July '25, Rentcast reports the average rent in La Place, LA is $1,770, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in La Place, LA is 2-bedrooms: $1,240, 3-bedrooms: $1,900, 4-bedrooms: $2,080. The most common rental property sizes in La Place, LA are 3-bedroom and 2-bedroom, accounting for 39.3% and 34.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,750$1,770
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,280$1,240
    3 Bed Rent $1,850$1,900
    4 Bed Rent $2,000$2,080
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    % of Rental Stock

    Studio
    4.0%
    1 Bedroom
    9.7%
    2 Bedrooms
    34.9%
    3 Bedrooms
    39.3%
    4 Bedrooms
    8.2%
    5+ Bedrooms
    4.0%

    Property Listings — La Place, LA

    As of Dec '25, Realtor.com reports that the median days on market for a home in La Place, LA is 78. This is a decrease of -6.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$230,0008.0%
    Listing Count
    		1427.0%
    Listings as % of Homes1.1%7.0%
    Days on Market
    		75-8.0%
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    Demographics — La Place, LA

    As of the latest ACS Survey released in 2023, La Place, LA has a population of 33,000, which has decreased by -3.6% over the past 5 years. La Place, LA is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		33,000-3.6%
    % Under 18
    		26.0%1.2%
    % Seniors
    		13.5%19.5%
    % WFH
    		7.1%343.7%
    % w/ College Degree
    		18.7%4.5%
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    As of the latest ACS Survey released in 2023, La Place, LA is a predominantly black area, with 51.2% of the population identifying as black. The black population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in La Place, LA is white, making up 34.1% of the population. Foreign-born residents account for 4.9% of the population in La Place, LA, and this percentage has increased by 22.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		34.1%-10.3%
    % Black
    		51.2%-0.2%
    % Hispanic
    		8.5%28.8%
    % Asian
    		1.5%7.1%
    % Foreign Born
    		4.9%22.5%
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    Mortgage and Risk — La Place, LA

    According to HUD data as of 2023, there were 439 mortgage originations in La Place, LA, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in La Place, LA. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		439
    % Conventional Loans
    		49.0%
    % Government Loans
    		51.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — La Place, LA

    La Place, LA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		458
    Total Units Section 8
    		458
    % Rentals under Section 8
    		19.6%
    % Occupied Section 8
    		81.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,210
    2 Bedroom$170$1,280$1,450
    3 Bedroom$0$1,850$1,850
    4 Bedroom$180$2,000$2,180

    Affordability — La Place, LA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$208,000
    Median Household Income$69,300

    La Place, LA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    70079

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    Frequently Asked Questions