Carencro, LA—70520
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carencro, LA
As of Oct '25, the median home price in Carencro, LA is $207,000, with a year-over-year change of -0.5%. This indicates that home prices in Carencro, LA are flat. According to Zillow, the 1-year price projection is -2.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | -0.5% |
| Single Family | $207,000 | 0.5% |
| 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 | $207,000 | 2.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Carencro, LA
As of July '25, Rentcast reports the average rent in Carencro, LA is $1,540, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Carencro, LA is studios: $550, 1-bedrooms: $900, 2-bedrooms: $975, 3-bedrooms: $1,320, 4-bedrooms: $3,520. The most common rental property sizes in Carencro, LA are 3-bedroom and 2-bedroom, accounting for 68.3% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,540 |
| Studio Rent | $550 | $550 |
| 1 Bed Rent | $900 | $900 |
| 2 Bed Rent | $975 | $975 |
| 3 Bed Rent | $1,250 | $1,320 |
| 4 Bed Rent | $2,400 | $3,520 |
% of Rental Stock
Property Listings — Carencro, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Carencro, LA is 75. This is a increase of 12.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | -10.0% |
Listing Count | 85 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 75 | 12.0% |
Demographics — Carencro, LA
As of the latest ACS Survey released in 2023, Carencro, LA has a population of 20,100, which has increased by 2.7% over the past 5 years. Carencro, LA is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,100 | 2.7% |
% Under 18 | 26.4% | -3.6% |
% Seniors | 14.5% | 13.3% |
% WFH | 14.1% | 314.7% |
% w/ College Degree | 21.2% | -7.0% |
As of the latest ACS Survey released in 2023, Carencro, LA is a predominantly white area, with 57.8% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Carencro, LA is black, making up 32.3% of the population. Foreign-born residents account for 2.1% of the population in Carencro, LA, and this percentage has decreased by 19.2% 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 | 57.8% | -6.3% |
% Black | 32.3% | 1.6% |
% Hispanic | 2.7% | -52.6% |
% Asian | 2.1% | ∞% |
% Foreign Born | 2.1% | -19.2% |
Mortgage and Risk — Carencro, LA
According to HUD data as of 2023, there were 342 mortgage originations in Carencro, LA, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Carencro, LA. Investor activity is low, as 7.0% 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 | 342 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Carencro, LA
As of 2024, the percent of homes in Carencro, LA under the Section 8 program is 13.3%. 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. In Carencro, LA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 194 |
Total Units Section 8 | 194 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $900 | $860 |
| 2 Bedroom | -$5 | $975 | $970 |
| 3 Bedroom | -$30 | $1,250 | $1,220 |
| 4 Bedroom | -$800 | $2,400 | $1,600 |
Affordability — Carencro, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $207,000 |
| Median Household Income | $66,000 |