La Place, LA—70068
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Place, LA
As of Oct '25, the median home price in La Place, LA is $210,000, with a year-over-year change of -6.9%. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $210,000 | -6.9% |
| Single Family | $211,000 | -6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | -2.1% |
3 Bed | $208,000 | -3.3% |
4 Bed | $251,000 | -0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,280 | $1,240 |
| 3 Bed Rent | $1,850 | $1,900 |
| 4 Bed Rent | $2,000 | $2,080 |
% of Rental Stock
Property Listings — La Place, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in La Place, LA is 82. This is a decrease of -4.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | 7.0% |
Listing Count | 144 | -2.0% |
| Listings as % of Homes | 1.1% | -2.0% |
Days on Market | 82 | -4.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $210,000 |
| Median Household Income | $69,300 |