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These days, finding an affordable place to live in the 70516 area can be challenging. Home prices in 70516 are now at a median cost of $131,900, lower than the Louisiana average of $194,522.
The average cost of rent is $796/mo in 70516, primarily driven by the current value of real estate in the 70516 area. While nearly 49.73% of residents own their homes outright in 70516, 21.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in 70516 is $5,750 per month. Households that rent pay about 13.85% of their income on rent here. 70516's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 70525, LA: higher priced homes
- 70578, LA: higher priced homes
- 70535, LA: higher priced homes
- 70526, LA: higher priced homes
- 70584, LA: higher priced homes
- 70543, LA: higher priced homes
- 70583, LA: equally priced homes
- 70520, LA: higher priced homes
- 70531, LA: higher priced homes
- 70541, LA: higher priced homes
Zip Codes with Similar Populations
- 13343, NY: equally priced homes
- 84757, UT: higher priced homes
- 31698, GA: higher priced homes
- 87062, NM: less expensive homes
- 93238, CA: higher priced homes
- 21780, MD: higher priced homes
- 18832, PA: equally priced homes
- 13335, NY: equally priced homes
- 13026, NY: higher priced homes
- 12521, NY: higher priced homes
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