Sunset, LA—70584
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sunset, LA
As of Oct '25, the median home price in Sunset, LA is $194,000, with a year-over-year change of -3.2%. This indicates that home prices in Sunset, LA are decreasing. According to Zillow, the 1-year price projection is -4.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | -3.3% |
| Single Family | $193,000 | -3.5% |
| 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 | $217,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sunset, LA
As of July '25, Rentcast reports the average rent in Sunset, LA is $950, with a year-over-year rent change of -28.6%. Per bedroom, the median rent as of July '25 in Sunset, LA is 1-bedrooms: $900, 3-bedrooms: $1,000. The most common rental property sizes in Sunset, LA are 3-bedroom and 2-bedroom, accounting for 45.9% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $900 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sunset, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sunset, LA is 82. This is a increase of 32.0% 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 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 | $318,000 | 28.0% |
Listing Count | 24 | -33.0% |
| Listings as % of Homes | 1.0% | -33.0% |
Days on Market | 82 | 32.0% |
Demographics — Sunset, LA
As of the latest ACS Survey released in 2023, Sunset, LA has a population of 6,860, which has decreased by -13.8% over the past 5 years. Sunset, LA is a popular place for families, as children make up 29.7% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,860 | -13.8% |
% Under 18 | 29.7% | -3.6% |
% Seniors | 13.9% | 3.7% |
% WFH | 6.4% | 204.8% |
% w/ College Degree | 20.6% | 14.4% |
As of the latest ACS Survey released in 2023, Sunset, LA is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Sunset, LA is black, making up 23.4% of the population. Foreign-born residents account for 7.1% of the population in Sunset, LA, and this percentage has increased by 108.8% 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 | 64.3% | -5.4% |
% Black | 23.4% | -7.9% |
% Hispanic | 3.6% | 71.4% |
% Asian | 5.9% | 195.0% |
% Foreign Born | 7.1% | 108.8% |
Mortgage and Risk — Sunset, LA
According to HUD data as of 2023, there were 157 mortgage originations in Sunset, LA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Sunset, LA. Investor activity is low, as 6.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 157 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Sunset, LA
Sunset, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 151 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $900 | $780 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | $300 | $1,000 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Sunset, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $194,000 |
| Median Household Income | $70,300 |