New Iberia, LA—70560
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in New Iberia, LA
Home Price Trends — New Iberia, LA
As of Oct '25, the median home price in New Iberia, LA is $110,000, with a year-over-year change of -9.3%. This indicates that home prices in New Iberia, LA are decreasing. According to Zillow, the 1-year price projection is -6.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $110,000 | -9.3% |
| Single Family | $110,000 | -9.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $79,000 | -4.8% |
3 Bed | $145,000 | -2.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Iberia, LA
As of July '25, Rentcast reports the average rent in New Iberia, LA is $1,110, with a year-over-year rent change of 11.7%. Per bedroom, the median rent as of July '25 in New Iberia, LA is 1-bedrooms: $771, 2-bedrooms: $785, 3-bedrooms: $1,160, 4-bedrooms: $1,980. The most common rental property sizes in New Iberia, LA are 2-bedroom and 3-bedroom, accounting for 40.7% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,110 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $771 |
| 2 Bed Rent | $750 | $785 |
| 3 Bed Rent | $1,140 | $1,160 |
| 4 Bed Rent | $1,600 | $1,980 |
% of Rental Stock
Property Listings — New Iberia, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Iberia, LA is 62. This is a decrease of -24.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | 5.0% |
Listing Count | 107 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 62 | -24.0% |
Demographics — New Iberia, LA
As of the latest ACS Survey released in 2023, New Iberia, LA has a population of 37,600, which has decreased by -7.7% over the past 5 years. New Iberia, LA is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 11.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,600 | -7.7% |
% Under 18 | 26.4% | 1.5% |
% Seniors | 15.9% | 21.4% |
% WFH | 4.5% | 181.2% |
% w/ College Degree | 11.1% | 27.6% |
As of the latest ACS Survey released in 2023, New Iberia, LA is a predominantly white area, with 51.7% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in New Iberia, LA is black, making up 34.8% of the population. Foreign-born residents account for 2.9% of the population in New Iberia, LA, and this percentage has decreased by 37.0% 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 | 51.7% | -4.6% |
% Black | 34.8% | -1.4% |
% Hispanic | 6.1% | 35.6% |
% Asian | 2.0% | -42.9% |
% Foreign Born | 2.9% | -37.0% |
Mortgage and Risk — New Iberia, LA
According to HUD data as of 2023, there were 325 mortgage originations in New Iberia, LA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in New Iberia, LA. Investor activity is high, as 20.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 325 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 20.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — New Iberia, LA
As of 2024, the percent of homes in New Iberia, LA under the Section 8 program is 13.0%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Iberia, LA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,151 |
Total Units Section 8 | 799 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $725 | $830 |
| 2 Bedroom | $190 | $750 | $940 |
| 3 Bedroom | $70 | $1,140 | $1,210 |
| 4 Bedroom | -$20 | $1,600 | $1,580 |
Affordability — New Iberia, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $110,000 |
| Median Household Income | $48,300 |