Broussard, LA—70518
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Broussard, LA
As of Oct '25, the median home price in Broussard, LA is $280,000, with a year-over-year change of 1.4%. This indicates that home prices in Broussard, LA are increasing. According to Zillow, the 1-year price projection is -2.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | 1.4% |
| Single Family | $280,000 | 2.2% |
| 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 | $262,000 | 1.6% |
4 Bed | $361,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Broussard, LA
As of July '25, Rentcast reports the average rent in Broussard, LA is $1,760, with a year-over-year rent change of 9.3%. Per bedroom, the median rent as of July '25 in Broussard, LA is 1-bedrooms: $998, 2-bedrooms: $1,080, 3-bedrooms: $1,820, 4-bedrooms: $3,050. The most common rental property sizes in Broussard, LA are 3-bedroom and 2-bedroom, accounting for 44.1% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $785 | $998 |
| 2 Bed Rent | $995 | $1,080 |
| 3 Bed Rent | $1,800 | $1,820 |
| 4 Bed Rent | $2,800 | $3,050 |
% of Rental Stock
Property Listings — Broussard, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Broussard, LA is 52. This is a decrease of -18.0% 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 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 | $390,000 | -3.0% |
Listing Count | 134 | -8.0% |
| Listings as % of Homes | 1.4% | -8.0% |
Days on Market | 52 | -18.0% |
Demographics — Broussard, LA
As of the latest ACS Survey released in 2023, Broussard, LA has a population of 16,700, which has increased by 26.3% over the past 5 years. Broussard, LA is a popular place for families, as children make up 28.5% of the population. The area has a moderately educated workforce, with 38.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,700 | 26.3% |
% Under 18 | 28.5% | 33.2% |
% Seniors | 10.2% | -10.5% |
% WFH | 6.0% | 150.0% |
% w/ College Degree | 38.0% | 23.4% |
As of the latest ACS Survey released in 2023, Broussard, LA is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Broussard, LA is black, making up 15.2% of the population. Foreign-born residents account for 3.9% of the population in Broussard, LA, and this percentage has decreased by 22.0% 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 | 74.0% | -3.4% |
% Black | 15.2% | -0.7% |
% Hispanic | 5.2% | 205.9% |
% Asian | 2.8% | -40.4% |
% Foreign Born | 3.9% | -22.0% |
Mortgage and Risk — Broussard, LA
According to HUD data as of 2023, there were 58 mortgage originations in Broussard, LA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Broussard, LA. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Broussard, LA
As of 2024, the percent of homes in Broussard, LA under the Section 8 program is 5.2%. 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 Broussard, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $785 | $930 |
| 2 Bedroom | $65 | $995 | $1,060 |
| 3 Bedroom | -$450 | $1,800 | $1,350 |
| 4 Bedroom | -$1,050 | $2,800 | $1,750 |
Affordability — Broussard, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $280,000 |
| Median Household Income | $104,000 |