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These days, finding an affordable place to live in the New Era area can be challenging. Home prices in New Era are now at a median cost of $157,067, lower than the Louisiana average of $235,139.
The average cost of rent is $995/mo in New Era, primarily driven by the current value of real estate in the New Era area. In New Era, 21.25% of households rent, and 61.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Era is $4,366 per month. Households that rent pay about 22.80% of their income on rent here. New Era’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Book, LA: less expensive homes
- Mayna, LA: equally priced homes
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- Acme, LA: less expensive homes
- Serena, LA: equally priced homes
- Monterey, LA: equally priced homes
- Parhams, LA: higher priced homes
- Vick, LA: equally priced homes
- Buckeye, LA: higher priced homes
- Effie, LA: equally priced homes
Cities with Similar Populations
- Taylor, OK: less expensive homes
- Hammond, MT: higher priced homes
- Hanna, SD: higher priced homes
- Hansboro, ND: less expensive homes
- Hardin Heights, FL: less expensive homes
- Harness, AR: equally priced homes
- Hartley, SD: equally priced homes
- Hazel, WA: higher priced homes
- Tamarack, MI: higher priced homes
- Hacksneck, VA: higher priced homes
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