70363, Houma, LA

The 70363 zip code of Houma, LA is located in the southeastern corner of the state and includes a population of approximately 33,000. The median home value in this zip code is $104,500 and the median household income is $41,000. Houma has a population density of 1,100 people per square mile and a median age of 36 years old.

The average price for a home in the 70363 zip code increased by 9% from 2007 to 2016. This growth was primarily due to an increase in sales prices rather than an increase in average home values. In 2016, there were 2,811 homes sold within this zip code compared to 2,510 homes sold in 2007. The average sale price for a home within this zip code increased from $92,500 to $104,500 during this time period.

There are several factors that may have contributed to the increase in sales prices within the 70363 zip code over the past eight years. One reason could be that Houma has experienced steady job growth over that time period which could lead to more people becoming homeowners. Additionally, Houma has seen an influx of new residents due to its proximity to Baton Rouge and New Orleans which could also contribute to higher housing prices. There are also limited available properties within this zip code which may lead some buyers into bidding up prices when they are able to purchase a property.