Greenwell Springs, LA—70739
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenwell Springs, LA
As of Nov '25, the median home price in Greenwell Springs, LA is $286,000, with a year-over-year change of 0.7%. This indicates that home prices in Greenwell Springs, LA are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | 0.7% |
| Single Family | $287,000 | 0.3% |
| 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 | $254,000 | 1.6% |
4 Bed | $378,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenwell Springs, LA
As of July '25, Rentcast reports the average rent in Greenwell Springs, LA is $2,600, with a year-over-year rent change of 25.0%. Per bedroom, the median rent as of July '25 in Greenwell Springs, LA is 3-bedrooms: $2,200, 4-bedrooms: $3,000. The most common rental property sizes in Greenwell Springs, LA are 3-bedroom and 1-bedroom, accounting for 65.2% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Greenwell Springs, LA
As of Nov '25, Realtor.com reports that the median days on market for a home in Greenwell Springs, LA is 63. This is a decrease of -26.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 16.0% |
Listing Count | 50 | -8.0% |
| Listings as % of Homes | 0.8% | -8.0% |
Days on Market | 63 | -26.0% |
Demographics — Greenwell Springs, LA
As of the latest ACS Survey released in 2023, Greenwell Springs, LA has a population of 13,700, which has decreased by -5.3% over the past 5 years. Greenwell Springs, LA is a popular place for families, as children make up 26.9% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | -5.3% |
% Under 18 | 26.9% | 4.7% |
% Seniors | 14.7% | 4.3% |
% WFH | 8.7% | 128.9% |
% w/ College Degree | 29.3% | 18.6% |
As of the latest ACS Survey released in 2023, Greenwell Springs, LA is a predominantly white area, with 79.5% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Greenwell Springs, LA is black, making up 9.0% of the population. Foreign-born residents account for 1.6% of the population in Greenwell Springs, LA, and this percentage has increased by 300.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.5% | -9.7% |
% Black | 9.0% | -5.3% |
% Hispanic | 5.5% | 205.6% |
% Asian | 0.6% | ∞% |
% Foreign Born | 1.6% | 300.0% |
Mortgage and Risk — Greenwell Springs, LA
According to HUD data as of 2023, there were 181 mortgage originations in Greenwell Springs, LA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Greenwell Springs, LA. Investor activity is low, as 3.0% 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 | 181 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Greenwell Springs, LA
Greenwell Springs, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,500 |
| 2 Bedroom | N/A | N/A | $1,700 |
| 3 Bedroom | -$70 | $2,200 | $2,130 |
| 4 Bedroom | -$190 | $3,000 | $2,810 |
Affordability — Greenwell Springs, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $286,000 |
| Median Household Income | $106,000 |