Mount Hermon, LA—70450

As of Aug '25, the median home price in Mount Hermon, LA is $175,000, with a year-over-year change of -1.6%. This indicates that home prices in Mount Hermon, LA are decreasing. According to Zillow, the 1-year price projection is -5.6%, suggesting a decrease housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Mount Hermon, LA is 68. This is an decrease of -68.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 80.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Mount Hermon, LA in that year was 47. 72.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 82.0%. Of those, 34.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Mount Hermon, LA. Investor activity in Mount Hermon, LA is low, as 9.0% of all loans are originated by investors. In 2023, 6.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.