70364, Houma, LA

The Houma, Louisiana zip code 70364 has a population of around 36,000 people and a median household income of $50,000. Home prices in this zip code have increased by an average of 9.5% over the past year, which is much higher than the national average of just 2.9%. This high rate of home price growth is likely due to the strong economy and low interest rates in Houma.

One reason for the high demand for homes in Houma is that the city has a low unemployment rate (3.5%) and a high level of education attainment (75% of adults have at least some college experience). In addition, Houma is located near several major economic hubs, including Baton Rouge and New Orleans. These factors are likely contributing to the high demand for homes in this area.

Despite these positive factors, there are also some potential risks associated with buying a home in Houma. One issue is that the city has a relatively high rate of crime (although it has decreased recently), which could make it difficult to live in or sell your home if you experience any problems. Additionally, there may be limited housing options if you want to buy or rent a home outside of the city center – especially if you don’t have enough money to afford an expensive property on the outskirts of town.