Patterson, LA—70392
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Patterson, LA
As of Oct '25, the median home price in Patterson, LA is $139,000, with a year-over-year change of -6.9%. This indicates that home prices in Patterson, LA are decreasing. According to Zillow, the 1-year price projection is -4.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | -6.9% |
| Single Family | $139,000 | -7.9% |
| 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 — Patterson, LA
As of July '25, Rentcast reports the average rent in Patterson, LA is $1,450, with a year-over-year rent change of 20.8%. Per bedroom, the median rent as of July '25 in Patterson, LA is 2-bedrooms: $825, 3-bedrooms: $1,150, 4-bedrooms: $3,300. The most common rental property sizes in Patterson, LA are 2-bedroom and 1-bedroom, accounting for 37.6% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $825 |
| 3 Bed Rent | $1,100 | $1,150 |
| 4 Bed Rent | $3,300 | $3,300 |
% of Rental Stock
Property Listings — Patterson, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Patterson, LA is 49. This is a decrease of -28.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $168,000 | -25.0% |
Listing Count | 22 | 3.0% |
| Listings as % of Homes | 0.6% | 3.0% |
Days on Market | 49 | -28.0% |
Demographics — Patterson, LA
As of the latest ACS Survey released in 2023, Patterson, LA has a population of 8,160, which has decreased by -5.2% over the past 5 years. Patterson, LA is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 9.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,160 | -5.2% |
% Under 18 | 26.8% | 6.3% |
% Seniors | 16.0% | 20.3% |
% WFH | 5.9% | 637.5% |
% w/ College Degree | 9.0% | -25.0% |
As of the latest ACS Survey released in 2023, Patterson, LA is a predominantly white area, with 52.9% of the population identifying as white. The white population has shrunk by 15.0% in the last 5 years. The second most common race or ethnicity in Patterson, LA is black, making up 38.5% of the population. Foreign-born residents account for 1.4% of the population in Patterson, LA, and this percentage has decreased by 17.6% 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 | 52.9% | -15.0% |
% Black | 38.5% | 33.7% |
% Hispanic | 1.9% | -13.6% |
% Asian | 0.6% | -64.7% |
% Foreign Born | 1.4% | -17.6% |
Mortgage and Risk — Patterson, LA
According to HUD data as of 2023, there were 56 mortgage originations in Patterson, LA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Patterson, LA. Investor activity is high, as 16.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 16.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Patterson, LA
Patterson, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 164 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | $180 | $800 | $980 |
| 3 Bedroom | $180 | $1,100 | $1,280 |
| 4 Bedroom | -$1,720 | $3,300 | $1,580 |
Affordability — Patterson, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $139,000 |
| Median Household Income | $49,500 |