Opelousas, LA—70570
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Opelousas, LA
As of Oct '25, the median home price in Opelousas, LA is $125,000, with a year-over-year change of -9.7%. This indicates that home prices in Opelousas, LA are decreasing. According to Zillow, the 1-year price projection is -5.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $125,000 | -9.7% |
| Single Family | $125,000 | -8.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $88,000 | -3.3% |
3 Bed | $169,000 | 0.6% |
4 Bed | $253,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Opelousas, LA
As of July '25, Rentcast reports the average rent in Opelousas, LA is $1,010, with a year-over-year rent change of -14.4%. Per bedroom, the median rent as of July '25 in Opelousas, LA is studios: $675, 1-bedrooms: $625, 2-bedrooms: $655, 3-bedrooms: $1,260, 4-bedrooms: $1,420. The most common rental property sizes in Opelousas, LA are 2-bedroom and 3-bedroom, accounting for 45.6% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $1,010 |
| Studio Rent | $675 | $675 |
| 1 Bed Rent | $550 | $625 |
| 2 Bed Rent | $650 | $655 |
| 3 Bed Rent | $1,300 | $1,260 |
| 4 Bed Rent | $1,190 | $1,420 |
% of Rental Stock
Property Listings — Opelousas, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Opelousas, LA is 80. This is a decrease of -10.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $201,000 | 17.0% |
Listing Count | 144 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 80 | -10.0% |
Demographics — Opelousas, LA
As of the latest ACS Survey released in 2023, Opelousas, LA has a population of 37,200, which has decreased by -7.0% over the past 5 years. Opelousas, LA is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,200 | -7.0% |
% Under 18 | 26.3% | -2.2% |
% Seniors | 18.4% | 14.3% |
% WFH | 7.4% | 64.4% |
% w/ College Degree | 14.8% | -10.3% |
As of the latest ACS Survey released in 2023, Opelousas, LA is a predominantly black area, with 56.1% of the population identifying as black. The black population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Opelousas, LA is white, making up 37.0% of the population. Foreign-born residents account for 1.4% of the population in Opelousas, LA, and this percentage has increased by 100.0% 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 | 37.0% | -3.6% |
% Black | 56.1% | -3.4% |
% Hispanic | 3.6% | 89.5% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.4% | 100.0% |
Mortgage and Risk — Opelousas, LA
According to HUD data as of 2023, there were 348 mortgage originations in Opelousas, LA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Opelousas, LA. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 348 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Opelousas, LA
Opelousas, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,441 |
Total Units Section 8 | 667 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 72.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $550 | $710 |
| 2 Bedroom | $280 | $650 | $930 |
| 3 Bedroom | -$110 | $1,300 | $1,190 |
| 4 Bedroom | $190 | $1,190 | $1,380 |
Affordability — Opelousas, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $125,000 |
| Median Household Income | $45,300 |