Gramercy, LA—70052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gramercy, LA
As of Oct '25, the median home price in Gramercy, LA is $196,000, with a year-over-year change of -2.1%. This indicates that home prices in Gramercy, LA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | -2.1% |
| Single Family | $198,000 | -1.0% |
| 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 | $203,000 | -1.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gramercy, LA
Gramercy, LA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Gramercy, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gramercy, LA is 57. This is a decrease of -59.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $184,000 | -2.0% |
Listing Count | 11 | -22.0% |
| Listings as % of Homes | 0.5% | -22.0% |
Days on Market | 57 | -59.0% |
Demographics — Gramercy, LA
As of the latest ACS Survey released in 2023, Gramercy, LA has a population of 2,930, which has decreased by -22.6% over the past 5 years. Gramercy, LA is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,930 | -22.6% |
% Under 18 | 25.5% | 13.8% |
% Seniors | 10.8% | -20.6% |
% WFH | 3.9% | 2.6% |
% w/ College Degree | 17.5% | 86.2% |
As of the latest ACS Survey released in 2023, Gramercy, LA is a predominantly black area, with 68.3% of the population identifying as black. The black population has grown by 42.9% in the last 5 years. The second most common race or ethnicity in Gramercy, LA is white, making up 30.9% of the population. Foreign-born residents account for 0.0% of the population in Gramercy, LA, and this percentage has decreased by 100.0% 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 | 30.9% | -39.1% |
% Black | 68.3% | 42.9% |
% Hispanic | 0.4% | -55.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Gramercy, LA
According to HUD data as of 2023, there were 31 mortgage originations in Gramercy, LA, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Gramercy, LA. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Gramercy, LA
Gramercy, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,640 |
| 4 Bedroom | $160 | $1,600 | $1,760 |
Affordability — Gramercy, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $196,000 |
| Median Household Income | $67,000 |