Houma, LA—70363
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Houma, LA
As of Oct '25, the median home price in Houma, LA is $120,000, with a year-over-year change of -3.6%. This indicates that home prices in Houma, LA are decreasing. According to Zillow, the 1-year price projection is -9.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $120,000 | -3.6% |
| Single Family | $120,000 | -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 | $154,000 | -4.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Houma, LA
As of July '25, Rentcast reports the average rent in Houma, LA is $1,520, with a year-over-year rent change of 40.7%. Per bedroom, the median rent as of July '25 in Houma, LA is 1-bedrooms: $886, 2-bedrooms: $1,440, 3-bedrooms: $1,550, 4-bedrooms: $2,150. The most common rental property sizes in Houma, LA are 3-bedroom and 2-bedroom, accounting for 59.1% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $808 | $886 |
| 2 Bed Rent | $975 | $1,440 |
| 3 Bed Rent | $1,650 | $1,550 |
| 4 Bed Rent | $1,700 | $2,150 |
% of Rental Stock
Property Listings — Houma, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Houma, LA is 107. This is a increase of 28.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $161,000 | -3.0% |
Listing Count | 107 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 107 | 28.0% |
Demographics — Houma, LA
As of the latest ACS Survey released in 2023, Houma, LA has a population of 24,700, which has decreased by -2.6% over the past 5 years. Houma, LA is a popular place for families, as children make up 28.0% of the population. The area has a poorly educated workforce, with 8.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,700 | -2.6% |
% Under 18 | 28.0% | 8.5% |
% Seniors | 15.7% | 36.5% |
% WFH | 4.2% | 20.0% |
% w/ College Degree | 8.1% | -10.0% |
As of the latest ACS Survey released in 2023, Houma, LA is a predominantly white area, with 57.3% of the population identifying as white. The white population has grown by 10.0% in the last 5 years. The second most common race or ethnicity in Houma, LA is black, making up 22.8% of the population. Foreign-born residents account for 5.0% of the population in Houma, LA, and this percentage has decreased by 2.0% 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 | 57.3% | 10.0% |
% Black | 22.8% | -16.8% |
% Hispanic | 8.6% | 14.7% |
% Asian | 0.5% | -54.5% |
% Foreign Born | 5.0% | -2.0% |
Mortgage and Risk — Houma, LA
According to HUD data as of 2023, there were 161 mortgage originations in Houma, LA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Houma, LA. Investor activity is high, as 17.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 161 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 17.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Houma, LA
As of 2024, the percent of homes in Houma, LA under the Section 8 program is 7.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Houma, LA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 163 |
Total Units Section 8 | 163 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $122 | $808 | $930 |
| 2 Bedroom | $165 | $975 | $1,140 |
| 3 Bedroom | -$280 | $1,650 | $1,370 |
| 4 Bedroom | -$190 | $1,700 | $1,510 |
Affordability — Houma, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $120,000 |
| Median Household Income | $44,800 |