Raceland, LA—70394
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Raceland, LA
As of Oct '25, the median home price in Raceland, LA is $171,000, with a year-over-year change of -0.2%. This indicates that home prices in Raceland, LA are flat. According to Zillow, the 1-year price projection is -6.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | -0.2% |
| Single Family | $171,000 | 0.6% |
| 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 | $212,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Raceland, LA
As of July '25, Rentcast reports the average rent in Raceland, LA is $1,330, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Raceland, LA is 1-bedrooms: $650, 2-bedrooms: $1,150, 3-bedrooms: $1,420, 4-bedrooms: $2,000. The most common rental property sizes in Raceland, LA are 3-bedroom and 2-bedroom, accounting for 61.7% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $1,150 | $1,150 |
| 3 Bed Rent | $1,380 | $1,420 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Raceland, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Raceland, LA is 98. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $192,000 | 1.0% |
Listing Count | 44 | -18.0% |
| Listings as % of Homes | 0.6% | -18.0% |
Days on Market | 98 | 25.0% |
Demographics — Raceland, LA
As of the latest ACS Survey released in 2023, Raceland, LA has a population of 13,700, which has decreased by -11.2% over the past 5 years. Raceland, LA is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | -11.2% |
% Under 18 | 19.1% | -21.4% |
% Seniors | 15.3% | -1.3% |
% WFH | 5.5% | 189.5% |
% w/ College Degree | 13.5% | 3.8% |
As of the latest ACS Survey released in 2023, Raceland, LA is a predominantly white area, with 72.5% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Raceland, LA is black, making up 20.8% of the population. Foreign-born residents account for 1.5% of the population in Raceland, LA, and this percentage has decreased by 16.7% 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 | 72.5% | 1.5% |
% Black | 20.8% | -13.0% |
% Hispanic | 1.6% | -30.4% |
% Asian | 1.0% | 233.3% |
% Foreign Born | 1.5% | -16.7% |
Mortgage and Risk — Raceland, LA
According to HUD data as of 2023, there were 159 mortgage originations in Raceland, LA, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Raceland, LA. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 159 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Raceland, LA
As of 2024, the percent of homes in Raceland, LA under the Section 8 program is 10.1%. 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 Raceland, 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 | 189 |
Total Units Section 8 | 106 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $650 | $850 |
| 2 Bedroom | -$110 | $1,150 | $1,040 |
| 3 Bedroom | -$120 | $1,380 | $1,260 |
| 4 Bedroom | -$620 | $2,000 | $1,380 |
Affordability — Raceland, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $171,000 |
| Median Household Income | $62,400 |