Houma, LA—70364
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 $182,000, with a year-over-year change of -7.5%. This indicates that home prices in Houma, LA are decreasing. According to Zillow, the 1-year price projection is -7.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | -7.5% |
| Single Family | $182,000 | -8.1% |
| 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 | $205,000 | -2.8% |
4 Bed | N/A | N/A |
| 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 $1,750, with a year-over-year rent change of 17.4%. Per bedroom, the median rent as of July '25 in Houma, LA is 1-bedrooms: $929, 2-bedrooms: $1,160, 3-bedrooms: $1,890, 4-bedrooms: $2,720. The most common rental property sizes in Houma, LA are 3-bedroom and 1-bedroom, accounting for 33.0% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $929 | $929 |
| 2 Bed Rent | $1,050 | $1,160 |
| 3 Bed Rent | $1,750 | $1,890 |
| 4 Bed Rent | $1,850 | $2,720 |
% 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 93. This is a decrease 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $204,000 | -3.0% |
Listing Count | 172 | 6.0% |
| Listings as % of Homes | 0.9% | 6.0% |
Days on Market | 93 | -1.0% |
Demographics — Houma, LA
As of the latest ACS Survey released in 2023, Houma, LA has a population of 29,000, which has decreased by -7.1% over the past 5 years. Houma, LA is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 15.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,000 | -7.1% |
% Under 18 | 25.7% | -3.4% |
% Seniors | 11.9% | -9.8% |
% WFH | 4.1% | 105.0% |
% w/ College Degree | 15.7% | 9.0% |
As of the latest ACS Survey released in 2023, Houma, LA is a predominantly white area, with 64.7% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Houma, LA is black, making up 16.2% of the population. Foreign-born residents account for 2.8% of the population in Houma, LA, and this percentage has decreased by 12.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.7% | -12.0% |
% Black | 16.2% | -1.2% |
% Hispanic | 9.5% | 93.9% |
% Asian | 1.3% | 30.0% |
% Foreign Born | 2.8% | -12.5% |
Mortgage and Risk — Houma, LA
According to HUD data as of 2023, there were 438 mortgage originations in Houma, LA, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 45.0% 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. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 438 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 15.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Houma, LA
As of 2024, the percent of homes in Houma, LA under the Section 8 program is 5.7%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Houma, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 183 |
Total Units Section 8 | 159 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $21 | $929 | $950 |
| 2 Bedroom | $120 | $1,050 | $1,170 |
| 3 Bedroom | -$340 | $1,750 | $1,410 |
| 4 Bedroom | -$300 | $1,850 | $1,550 |
Affordability — Houma, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $182,000 |
| Median Household Income | $68,900 |