Raceland, LA 70394 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Raceland, LA—70394

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$170,000

0.7% YoY Growth

Household Income

$62,400

34.1% YoY Growth

Days on Market

12.0% Longer YoY

Home Price Forecast

-5.5%

Median Rent

$1,380

2.3% YoY Growth

1-Bed Rent

$650

N/A

2-Bed Rent

$1,150

N/A

3-Bed Rent

$1,380

9.2% YoY Growth

Home Price Trends — Raceland, LA

As of Nov '25, the median home price in Raceland, LA is $170,000, with a year-over-year change of 0.7%. This indicates that home prices in Raceland, LA are flat. According to Zillow, the 1-year price projection is -5.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$170,000	0.7%
Single Family	$170,000	1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Raceland, LA

As of July '25, Rentcast reports the average rent in Raceland, LA is $1,330, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Raceland, LA is 1-bedrooms: $650, 2-bedrooms: $1,150, 3-bedrooms: $1,420, 4-bedrooms: $2,000. The most common rental property sizes in Raceland, LA are 3-bedroom and 2-bedroom, accounting for 61.7% and 22.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,380	$1,330
Studio Rent	N/A	N/A
1 Bed Rent	$650	$650
2 Bed Rent	$1,150	$1,150
3 Bed Rent	$1,380	$1,420
4 Bed Rent	$2,000	$2,000

Loading chart...

% of Rental Stock

1 Bedroom

14.0%

2 Bedrooms

22.7%

3 Bedrooms

61.7%

4 Bedrooms

1.5%

Property Listings — Raceland, LA

As of Nov '25, Realtor.com reports that the median days on market for a home in Raceland, LA is 86. This is a increase of 12.0% 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 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	$185,000	-3.0%
Listing Count	47	-15.0%
Listings as % of Homes	0.6%	-15.0%
Days on Market	86	12.0%

Loading chart...

Demographics — Raceland, LA

As of the latest ACS Survey released in 2023, Raceland, LA has a population of 13,700, which has decreased by -11.2% over the past 5 years. Raceland, LA is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,700	-11.2%
% Under 18	19.1%	-21.4%
% Seniors	15.3%	-1.3%
% WFH	5.5%	189.5%
% w/ College Degree	13.5%	3.8%

Loading chart...

As of the latest ACS Survey released in 2023, Raceland, LA is a predominantly white area, with 72.5% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Raceland, LA is black, making up 20.8% of the population. Foreign-born residents account for 1.5% of the population in Raceland, LA, and this percentage has decreased by 16.7% 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	72.5%	1.5%
% Black	20.8%	-13.0%
% Hispanic	1.6%	-30.4%
% Asian	1.0%	233.3%
% Foreign Born	1.5%	-16.7%

Loading chart...

Mortgage and Risk — Raceland, LA

According to HUD data as of 2023, there were 159 mortgage originations in Raceland, LA, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Raceland, LA. Investor activity is low, as 4.0% 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	159
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

Loading chart...

Rentals and Section 8 — Raceland, LA

As of 2024, the percent of homes in Raceland, LA under the Section 8 program is 10.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Raceland, LA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	189
Total Units Section 8	106
% Rentals under Section 8	10.1%
% Occupied Section 8	72.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$200	$650	$850
2 Bedroom	-$110	$1,150	$1,040
3 Bedroom	-$120	$1,380	$1,260
4 Bedroom	-$620	$2,000	$1,380

Raceland, LA—70394

Key Metrics at a Glance

Home Price Trends — Raceland, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Raceland, LA

% of Rental Stock

Property Listings — Raceland, LA

Demographics — Raceland, LA

Race and Ethnicity

Mortgage and Risk — Raceland, LA

Mortgages

Rentals and Section 8 — Raceland, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Raceland, LA

Home Price to Income Ratio

Raceland, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Mathews, LA

Houma, LA

Lockport, LA

Bourg, LA

Gray, LA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$170,000
Median Household Income	$62,400

Raceland, LA—70394

Key Metrics at a Glance

Home Price Trends — Raceland, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Raceland, LA

% of Rental Stock

Property Listings — Raceland, LA

Demographics — Raceland, LA

Race and Ethnicity

Mortgage and Risk — Raceland, LA

Mortgages

Rentals and Section 8 — Raceland, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Raceland, LA

Home Price to Income Ratio

Raceland, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Mathews, LA

Houma, LA

Lockport, LA

Bourg, LA

Gray, LA

Frequently Asked Questions

What is the average home price in Raceland, LA 70394?

How have home prices in Raceland, LA 70394 changed over the past year?

What is the home price projection for Raceland, LA 70394?

What are the demographics of Raceland, LA 70394?

How long does it take homes to sell in Raceland, LA 70394?

What is the average rent price in Raceland, LA 70394?