70360, Houma, LA

The Houma, LA zip code 70360 has a population of around 36,000 people and is located in the south-central region of the state. The median household income in this zip code is around $41,000 which is lower than the statewide median household income of $52,046. However, home prices in this zip code are much higher than the statewide median home price of $174,900.

As of March 2016, there were approximately 2,600 homes for sale in the Houma, LA zip code and an average list price of $269,500. This means that the average home equity value in this zip code is $157,500. In addition to having a high average home equity value, Houma also has a high percentage of homes with a mortgage balance greater than 80% of the purchase price (10th highest out of all Louisiana ZIP codes). This indicates that many homeowners in this area are leveraged to some degree and may be at risk if interest rates rise or their current mortgage becomes difficult to pay off.