Erath, LA—70533
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Erath, LA
As of Oct '25, the median home price in Erath, LA is $148,000, with a year-over-year change of -1.9%. This indicates that home prices in Erath, LA are decreasing. According to Zillow, the 1-year price projection is -3.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $148,000 | -1.9% |
| Single Family | $148,000 | -1.3% |
| 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 — Erath, LA
As of July '25, Rentcast reports the average rent in Erath, LA is $867, with a year-over-year rent change of -19.0%. Per bedroom, the median rent as of July '25 in Erath, LA is 1-bedrooms: $725, 2-bedrooms: $800, 3-bedrooms: $1,080. The most common rental property sizes in Erath, LA are 3-bedroom and 2-bedroom, accounting for 47.0% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $867 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $725 |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | $1,080 | $1,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Erath, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Erath, LA is 91. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $179,000 | -14.0% |
Listing Count | 20 | -11.0% |
| Listings as % of Homes | 0.2% | -11.0% |
Days on Market | 91 | 12.0% |
Demographics — Erath, LA
As of the latest ACS Survey released in 2023, Erath, LA has a population of 6,790, which has decreased by -6.5% over the past 5 years. Erath, LA is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,790 | -6.5% |
% Under 18 | 26.1% | 5.2% |
% Seniors | 14.9% | 17.3% |
% WFH | 3.1% | 55.0% |
% w/ College Degree | 19.7% | 61.5% |
As of the latest ACS Survey released in 2023, Erath, LA is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Erath, LA is hispanic, making up 4.3% of the population. Foreign-born residents account for 0.6% of the population in Erath, LA, and this percentage has decreased by 82.4% 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 | 86.0% | -4.3% |
% Black | 3.8% | 65.2% |
% Hispanic | 4.3% | 34.4% |
% Asian | 0.3% | -85.7% |
% Foreign Born | 0.6% | -82.4% |
Mortgage and Risk — Erath, LA
According to HUD data as of 2023, there were 34 mortgage originations in Erath, LA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Erath, LA. Investor activity is high, as 29.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 34 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 29.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Erath, LA
Erath, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 62 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $725 | $820 |
| 2 Bedroom | $110 | $800 | $910 |
| 3 Bedroom | $120 | $1,080 | $1,200 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Erath, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $148,000 |
| Median Household Income | $65,700 |