Farmerville, LA—71241
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farmerville, LA
As of Oct '25, the median home price in Farmerville, LA is $171,000, with a year-over-year change of 1.7%. This indicates that home prices in Farmerville, LA are increasing. According to Zillow, the 1-year price projection is -2.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | 1.7% |
| Single Family | $171,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $101,000 | 0.0% |
2 Bed | $124,000 | -1.6% |
3 Bed | $183,000 | 3.4% |
4 Bed | $255,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farmerville, LA
Farmerville, LA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Farmerville, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Farmerville, LA is 80. This is a decrease of -21.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $288,000 | -1.0% |
Listing Count | 31 | -4.0% |
| Listings as % of Homes | 0.4% | -4.0% |
Days on Market | 80 | -21.0% |
Demographics — Farmerville, LA
As of the latest ACS Survey released in 2023, Farmerville, LA has a population of 7,770, which has decreased by -22.2% over the past 5 years. Farmerville, LA is a moderately popular place for families, as children make up 18.2% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,770 | -22.2% |
% Under 18 | 18.2% | -15.3% |
% Seniors | 26.8% | 41.8% |
% WFH | 7.6% | 347.1% |
% w/ College Degree | 18.5% | 3.4% |
As of the latest ACS Survey released in 2023, Farmerville, LA is a predominantly white area, with 66.3% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Farmerville, LA is black, making up 29.5% of the population. Foreign-born residents account for 3.0% of the population in Farmerville, LA, and this percentage has increased by 3.4% 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 | 66.3% | -2.6% |
% Black | 29.5% | 25.0% |
% Hispanic | 5.4% | 12.5% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 3.0% | 3.4% |
Mortgage and Risk — Farmerville, LA
According to HUD data as of 2023, there were 98 mortgage originations in Farmerville, LA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Farmerville, LA. Investor activity is high, as 17.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 98 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 17.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Farmerville, LA
Farmerville, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 231 |
Total Units Section 8 | 191 |
% Rentals under Section 8 | 23.5% |
% Occupied Section 8 | 73.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | -$640 | $1,800 | $1,160 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Farmerville, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $171,000 |
| Median Household Income | $44,900 |