Oaks, LA—71038
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oaks, LA
Oaks, LA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 — Oaks, LA
Oaks, LA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oaks, LA
As of Nov '25, Realtor.com reports that the median days on market for a home in Oaks, LA is 120. This is a increase of 63.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $140,000 | 38.0% |
Listing Count | 10 | -7.0% |
| Listings as % of Homes | N/A | -7.0% |
Days on Market | 120 | 63.0% |
Demographics — Oaks, LA
As of the latest ACS Survey released in 2023, Oaks, LA has a population of 3,800, which has decreased by -13.2% over the past 5 years. Oaks, LA is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 6.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,800 | -13.2% |
% Under 18 | 21.7% | -6.1% |
% Seniors | 25.4% | 21.5% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 6.8% | -47.7% |
As of the latest ACS Survey released in 2023, Oaks, LA is a predominantly black area, with 58.0% of the population identifying as black. The black population has grown by 20.1% in the last 5 years. The second most common race or ethnicity in Oaks, LA is white, making up 38.3% of the population. Foreign-born residents account for 0.2% of the population in Oaks, LA, and this percentage has decreased by 50.0% 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 | 38.3% | -23.1% |
% Black | 58.0% | 20.1% |
% Hispanic | 2.6% | 333.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.2% | -50.0% |
Mortgage and Risk — Oaks, LA
According to HUD data as of 2023, there were 23 mortgage originations in Oaks, LA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 89.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Oaks, LA. Investor activity is low, as 9.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 23 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Oaks, LA
Oaks, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 135 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,090 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Oaks, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $27,100 |