70377, Montegut, LA

The 70377 zip code of Montegut, LA has a median home value of $154,900 and a median home equity value of $101,700. These values are significantly lower than the statewide median home value of $217,600 and statewide median home equity value of $146,200. The Montegut area is also considerably poorer than the rest of Louisiana with a poverty rate of 26%.

There are several factors that may contribute to the lower home values in the Montegut area. First, this zip code is located in one of Louisiana's poorest counties. Second, there is a significant shortage of homes for sale in this area which may lead to higher prices for those that do come available. Finally, many homeowners in this zip code have taken out mortgages that are larger than their current homes' worth which may make it difficult to sell or refinance their homes in the future.