Houma, LA—70360
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Houma, LA
As of Oct '25, the median home price in Houma, LA is $255,000, with a year-over-year change of -2.4%. This indicates that home prices in Houma, LA are decreasing. According to Zillow, the 1-year price projection is -5.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | -2.4% |
| Single Family | $256,000 | -2.7% |
| 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 | $259,000 | -1.5% |
4 Bed | $380,000 | -0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Houma, LA
As of July '25, Rentcast reports the average rent in Houma, LA is $1,740, with a year-over-year rent change of -16.7%. Per bedroom, the median rent as of July '25 in Houma, LA is 1-bedrooms: $1,050, 2-bedrooms: $1,360, 3-bedrooms: $1,980, 4-bedrooms: $3,450. The most common rental property sizes in Houma, LA are 1-bedroom and 2-bedroom, accounting for 41.7% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,050 |
| 2 Bed Rent | $1,380 | $1,360 |
| 3 Bed Rent | $1,800 | $1,980 |
| 4 Bed Rent | $3,400 | $3,450 |
% of Rental Stock
Property Listings — Houma, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Houma, LA is 115. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $341,000 | 10.0% |
Listing Count | 169 | -4.0% |
| Listings as % of Homes | 1.0% | -4.0% |
Days on Market | 115 | 1.0% |
Demographics — Houma, LA
As of the latest ACS Survey released in 2023, Houma, LA has a population of 28,800, which has decreased by -1.4% over the past 5 years. Houma, LA is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 32.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,800 | -1.4% |
% Under 18 | 25.8% | 2.8% |
% Seniors | 16.4% | 14.7% |
% WFH | 2.4% | -50.0% |
% w/ College Degree | 32.5% | 23.6% |
As of the latest ACS Survey released in 2023, Houma, LA is a predominantly white area, with 69.6% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Houma, LA is black, making up 17.5% of the population. Foreign-born residents account for 3.4% of the population in Houma, LA, and this percentage has increased by 6.2% 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 | 69.6% | -5.7% |
% Black | 17.5% | 16.7% |
% Hispanic | 5.7% | 54.1% |
% Asian | 1.8% | 80.0% |
% Foreign Born | 3.4% | 6.2% |
Mortgage and Risk — Houma, LA
According to HUD data as of 2023, there were 312 mortgage originations in Houma, LA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Houma, LA. Investor activity is low, as 15.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 312 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 15.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Houma, LA
As of 2024, the percent of homes in Houma, LA under the Section 8 program is 11.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Houma, LA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 376 |
Total Units Section 8 | 315 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $950 | $1,020 |
| 2 Bedroom | -$130 | $1,380 | $1,250 |
| 3 Bedroom | -$290 | $1,800 | $1,510 |
| 4 Bedroom | -$1,740 | $3,400 | $1,660 |
Affordability — Houma, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $255,000 |
| Median Household Income | $82,400 |