Basile, LA—70515
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Basile, LA
As of Oct '25, the median home price in Basile, LA is $104,000, with a year-over-year change of -11.7%. This indicates that home prices in Basile, LA are decreasing. According to Zillow, the 1-year price projection is -2.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $104,000 | -11.7% |
| Single Family | $104,000 | -11.9% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Basile, LA
Basile, LA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Basile, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Basile, LA is 96. This is a decrease of -49.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $185,000 | 13.0% |
Listing Count | 9 | 200.0% |
| Listings as % of Homes | 0.1% | 200.0% |
Days on Market | 96 | -49.0% |
Demographics — Basile, LA
As of the latest ACS Survey released in 2023, Basile, LA has a population of 4,180, which has increased by 18.3% over the past 5 years. Basile, LA is a popular place for families, as children make up 26.9% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,180 | 18.3% |
% Under 18 | 26.9% | 7.2% |
% Seniors | 10.7% | -14.4% |
% WFH | 4.7% | 213.3% |
% w/ College Degree | 9.9% | 6.5% |
As of the latest ACS Survey released in 2023, Basile, LA is a predominantly white area, with 69.8% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Basile, LA is hispanic, making up 11.8% of the population. Foreign-born residents account for 15.3% of the population in Basile, LA, and this percentage has increased by 25.4% 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 | 69.8% | 0.7% |
% Black | 11.3% | -34.3% |
% Hispanic | 11.8% | 3.5% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 15.3% | 25.4% |
Mortgage and Risk — Basile, LA
According to HUD data as of 2023, there were 23 mortgage originations in Basile, LA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Basile, LA. Investor activity is low, as 4.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 23 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Basile, LA
Basile, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,200 |
Affordability — Basile, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $104,000 |
| Median Household Income | $65,200 |