Readheimer, LA—71070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Readheimer, LA
As of Oct '25, the median home price in Readheimer, LA is $117,000, with a year-over-year change of -9.5%. This indicates that home prices in Readheimer, LA are decreasing. According to Zillow, the 1-year price projection is -4.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $117,000 | -9.5% |
| Single Family | $117,000 | -9.3% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Readheimer, LA
Readheimer, 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 — Readheimer, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Readheimer, LA is 78. This is a decrease of -30.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $169,000 | -25.0% |
Listing Count | 6 | 55.0% |
| Listings as % of Homes | N/A | 55.0% |
Days on Market | 78 | -30.0% |
Demographics — Readheimer, LA
As of the latest ACS Survey released in 2023, Readheimer, LA has a population of 1,380, which has decreased by -21.9% over the past 5 years. Readheimer, LA is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 10.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,380 | -21.9% |
% Under 18 | 24.1% | 11.1% |
% Seniors | 25.7% | 27.9% |
% WFH | 23.2% | 7,633.3% |
% w/ College Degree | 10.2% | -49.8% |
As of the latest ACS Survey released in 2023, Readheimer, LA is a predominantly white area, with 62.3% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Readheimer, LA is black, making up 33.6% of the population. Foreign-born residents account for 0.0% of the population in Readheimer, LA, and this percentage has decreased by 100.0% 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 | 62.3% | -13.6% |
% Black | 33.6% | 55.6% |
% Hispanic | 0.5% | -77.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Readheimer, LA
According to HUD data as of 2023, there were 31 mortgage originations in Readheimer, LA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Readheimer, LA. Investor activity is high, as 16.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 16.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Readheimer, LA
Readheimer, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
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 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Readheimer, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $117,000 |
| Median Household Income | $54,200 |