New Llano, LA—71461
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Llano, LA
As of Oct '25, the median home price in New Llano, LA is $119,000, with a year-over-year change of -4.8%. This indicates that home prices in New Llano, LA are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $119,000 | -4.8% |
| Single Family | $119,000 | -4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — New Llano, LA
As of July '25, Rentcast reports the average rent in New Llano, LA is $1,140, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in New Llano, LA is 1-bedrooms: $530, 2-bedrooms: $850, 3-bedrooms: $1,130, 4-bedrooms: $1,450. The most common rental property sizes in New Llano, LA are 2-bedroom and 3-bedroom, accounting for 48.2% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $530 | $530 |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | $1,120 | $1,130 |
| 4 Bed Rent | $1,450 | $1,450 |
% of Rental Stock
Property Listings — New Llano, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Llano, LA is 136. This is a increase of 9.0% 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 | $137,000 | -7.0% |
Listing Count | 10 | -18.0% |
| Listings as % of Homes | 0.9% | -18.0% |
Days on Market | 136 | 9.0% |
Demographics — New Llano, LA
As of the latest ACS Survey released in 2023, New Llano, LA has a population of 2,250, which has decreased by -4.2% over the past 5 years. New Llano, LA is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,250 | -4.2% |
% Under 18 | 25.0% | -5.7% |
% Seniors | 15.2% | 38.2% |
% WFH | 2.6% | 2,500.0% |
% w/ College Degree | 15.0% | -15.3% |
As of the latest ACS Survey released in 2023, New Llano, LA is a predominantly white area, with 36.2% of the population identifying as white. The white population has grown by 9.7% in the last 5 years. The second most common race or ethnicity in New Llano, LA is black, making up 30.8% of the population. Foreign-born residents account for 6.4% of the population in New Llano, LA, and this percentage has increased by 3.2% 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 | 36.2% | 9.7% |
% Black | 30.8% | -35.3% |
% Hispanic | 13.4% | 81.1% |
% Asian | 3.4% | -42.4% |
% Foreign Born | 6.4% | 3.2% |
Mortgage and Risk — New Llano, LA
According to HUD data as of 2023, there were 38 mortgage originations in New Llano, LA, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in New Llano, LA. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 45.0% |
% Government Loans | 55.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — New Llano, LA
New Llano, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $530 | $720 |
| 2 Bedroom | $90 | $850 | $940 |
| 3 Bedroom | $90 | $1,120 | $1,210 |
| 4 Bedroom | -$130 | $1,450 | $1,320 |
Affordability — New Llano, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $119,000 |
| Median Household Income | $49,200 |