Spearsville, LA—71277
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spearsville, LA
As of Nov '25, the median home price in Spearsville, LA is $110,000, with a year-over-year change of -2.2%. This indicates that home prices in Spearsville, LA are decreasing. According to Zillow, the 1-year price projection is -2.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $110,000 | -2.2% |
| Single Family | $109,000 | -0.9% |
| 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 | $110,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spearsville, LA
Spearsville, 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 — Spearsville, LA
As of Nov '25, Realtor.com reports that the median days on market for a home in Spearsville, LA is 24. This is a increase of 416.0% 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 | $84,500 | -40.0% |
Listing Count | 1 | 33.0% |
| Listings as % of Homes | 0.2% | 33.0% |
Days on Market | 24 | 416.0% |
Demographics — Spearsville, LA
As of the latest ACS Survey released in 2023, Spearsville, LA has a population of 1,790, which has increased by 17.1% over the past 5 years. Spearsville, LA is a popular place for families, as children make up 25.9% of the population. The area has a poorly educated workforce, with 4.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,790 | 17.1% |
% Under 18 | 25.9% | 7.9% |
% Seniors | 14.5% | -34.4% |
% WFH | 2.3% | -65.7% |
% w/ College Degree | 4.6% | 7.0% |
As of the latest ACS Survey released in 2023, Spearsville, LA is a predominantly black area, with 42.0% of the population identifying as black. The black population has grown by 52.2% in the last 5 years. The second most common race or ethnicity in Spearsville, LA is white, making up 36.9% of the population. Foreign-born residents account for 2.1% of the population in Spearsville, LA, and this percentage has increased by 110.0% 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 | 36.9% | -37.0% |
% Black | 42.0% | 52.2% |
% Hispanic | 20.3% | 48.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.1% | 110.0% |
Mortgage and Risk — Spearsville, LA
According to HUD data as of 2023, there were 26 mortgage originations in Spearsville, LA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 117.0%, with 69.0% above 90% LTV (very high). This implies large mortgage risk in Spearsville, LA. Investor activity is low, as 4.0% 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 | 26 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Spearsville, LA
Spearsville, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $710 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Spearsville, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $110,000 |
| Median Household Income | $34,200 |