Ville Platte, LA—70586
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ville Platte, LA
Ville Platte, LA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $103,000 | -14.9% |
| Single Family | $103,000 | -14.9% |
| 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 — Ville Platte, LA
As of July '25, Rentcast reports the average rent in Ville Platte, LA is $1,200, with a year-over-year rent change of 37.1%. Per bedroom, the median rent as of July '25 in Ville Platte, LA is 3-bedrooms: $1,200. The most common rental property sizes in Ville Platte, LA are 3-bedroom and 2-bedroom, accounting for 40.6% and 37.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $900 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ville Platte, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ville Platte, LA is 58. This is a decrease of -16.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $145,000 | -20.0% |
Listing Count | 50 | 27.0% |
| Listings as % of Homes | 0.3% | 27.0% |
Days on Market | 58 | -16.0% |
Demographics — Ville Platte, LA
As of the latest ACS Survey released in 2023, Ville Platte, LA has a population of 18,900, which has decreased by -6.6% over the past 5 years. Ville Platte, LA is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 13.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | -6.6% |
% Under 18 | 26.0% | 1.6% |
% Seniors | 15.3% | -2.5% |
% WFH | 3.3% | 200.0% |
% w/ College Degree | 13.6% | -7.5% |
As of the latest ACS Survey released in 2023, Ville Platte, LA is a predominantly white area, with 60.9% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Ville Platte, LA is black, making up 31.7% of the population. Foreign-born residents account for 0.6% of the population in Ville Platte, LA, and this percentage has decreased by 62.5% 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 | 60.9% | -7.3% |
% Black | 31.7% | 3.3% |
% Hispanic | 3.8% | 40.7% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 0.6% | -62.5% |
Mortgage and Risk — Ville Platte, LA
According to HUD data as of 2023, there were 198 mortgage originations in Ville Platte, LA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Ville Platte, LA. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 198 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Ville Platte, LA
Ville Platte, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 754 |
Total Units Section 8 | 436 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | $370 | $900 | $1,270 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Ville Platte, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $103,000 |
| Median Household Income | $43,400 |