70068, La Place, LA

The La Place zip code 70068 has a median home value of $183,000 and a median home equity of $110,000. This is significantly lower than the national median home value of $217,500 and the Louisiana median home equity of $157,500. The La Place zip code also has a significantly lower homeownership rate than the national homeownership rate of 63.4% and the Louisiana homeownership rate of 61.5%.

There are several factors that may contribute to the low home values in the 70068 zip code. First, there is a high percentage of vacant homes in this area which could lead to decreased demand for housing and consequently decreased prices. Second, there is a high concentration of low-income households in this zip code which could lead to increased demand for affordable housing but decreased prices due to lack of available financing options. Finally, there is a significant amount of foreclosures in this area which could lead to decreased demand for housing and consequently decreased prices.