70453, Pine Grove, LA

The Pine Grove, LA zip code 70453 has a population of approximately 2,000 people. The median household income in the zip code is $41,000 and the median home value is $128,000. The percentage of homes in the zip code that are owner-occupied is 79%.

There has been a significant increase in home equity and home prices in the Pine Grove, LA zip code over the past few years. In March of 2016, the average home value was $127,500. This increased to an average home value of $142,500 by March of 2017. The increase in home values can be attributed to several factors including an increase in demand for housing due to an influx of new residents and an increase in wages. Additionally, there has been a decrease in available inventory due to stricter lending standards implemented by banks and lenders. As a result of these factors, homeowners have had to pay higher prices for homes than they would have otherwise been able to afford.

Despite the recent increases in home values and equity, not everyone within the Pine Grove area has seen their situation improve as dramatically as others have. There is still a significant amount of poverty present within this zip code; 29% of households earn less than $30k per year. Additionally, there is still a lack of affordable housing options available for those who do not own their homes outright or who are looking for more affordable options than what is currently available on the market. This shortage of affordable housing options can lead some residents into foreclosure or into situations where they are unable to make their mortgage payments on time or at all due to high interest rates associated with mortgages that are not backed by adequate collateral (such as second mortgages). As a result of these challenges faced by many residents within this area, it will be important for policymakers and community leaders to continue working together towards solutions that will help improve access to affordable housing and reduce poverty levels overall