Basile, LA 70515 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Basile, LA—70515

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$113,000

4.4% YoY Growth

Household Income

$65,200

169.7% YoY Growth

Days on Market

75.0% Shorter YoY

Home Price Forecast

-3.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Basile, LA

As of May '26, the median home price in Basile, LA is $113,000, with a year-over-year change of -4.4%. This indicates that home prices in Basile, LA are decreasing. According to Zillow, the 1-year price projection is -3.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$113,000	-4.4%
Single Family	$113,000	-0.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.5%

1 Bedroom

0.9%

2 Bedrooms

36.4%

3 Bedrooms

46.8%

4 Bedrooms

12.6%

Property Listings — Basile, LA

As of May '26, Realtor.com reports that the median days on market for a home in Basile, LA is 68. This is a decrease of -75.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$227,000	9.0%
Listing Count	12	192.0%
Listings as % of Homes	0.1%	192.0%
Days on Market	68	-75.0%

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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%

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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%

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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%

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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

Basile, LA—70515

Key Metrics at a Glance

Home Price Trends — Basile, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Basile, LA

% of Rental Stock

Property Listings — Basile, LA

Demographics — Basile, LA

Race and Ethnicity

Mortgage and Risk — Basile, LA

Mortgages

Rentals and Section 8 — Basile, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Basile, LA

Home Price to Income Ratio

Basile, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Elton, LA

Iota, LA

Eunice, LA

Evangeline, LA

Jennings, LA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$113,000
Median Household Income	$65,200

Basile, LA—70515

Key Metrics at a Glance

Home Price Trends — Basile, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Basile, LA

% of Rental Stock

Property Listings — Basile, LA

Demographics — Basile, LA

Race and Ethnicity

Mortgage and Risk — Basile, LA

Mortgages

Rentals and Section 8 — Basile, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Basile, LA

Home Price to Income Ratio

Basile, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Elton, LA

Iota, LA

Eunice, LA

Evangeline, LA

Jennings, LA

Frequently Asked Questions

What is the average home price in Basile, LA 70515?

How have home prices in Basile, LA 70515 changed over the past year?

What is the home price projection for Basile, LA 70515?

What are the demographics of Basile, LA 70515?

How long does it take homes to sell in Basile, LA 70515?

What is the average rent price in Basile, LA 70515?