70094, Westwego, LA

Westwego, Louisiana is located in Jefferson Parish and has a population of approximately 36,000 people. The 70094 zip code covers a total area of just over 2 square miles and has a median home value of $135,000. Home prices in the 70094 zip code have increased by an average of 9% over the past year.

The majority of home buyers in Westwego are middle-class families who are looking for affordable housing. The average household income in the 70094 zip code is $50,000 which means that most home buyers can afford to purchase a home without having to rely on any outside sources of financing.

There are several factors contributing to the increase in home values in Westwego. One reason is that there is a lot of demand for homes in this area due to its proximity to major metropolitan areas such as New Orleans and Baton Rouge. Additionally, Westwego has been experiencing strong economic growth over the past few years which has led to an increase in job opportunities and wages. This has helped to drive up house prices across all sectors of the market including single family homes, condos, and townhomes.

Despite these positive trends, there are still some risks associated with buying a home in Westwego. One potential issue is that interest rates could rise at any time which would make it more expensive for homeowners to borrow money against their homes equity. Another risk is that the housing market could experience another downturn which would lead to a decrease in house prices across all sectors of the market. However, based on current trends it seems likely that house prices will continue to rise gradually over the next few years