70454, Ponchatoula, LA

The 70454 zip code of Ponchatoula, Louisiana is located in the southeastern portion of the state and includes a population of about 23,000 people. The median household income in this zip code is $42,500, which is lower than the statewide median household income of $52,046. The percentage of households that are renters is higher than the statewide percentage of renters at 34%. The percentage of households that are owner-occupied is also higher than the statewide percentage at 66%.

Home prices in this zip code have been increasing over the past few years. In January 2017, the median home price was $119,000. This increased to $128,000 by December 2017 and then increased again to $142,000 by May 2018. Over this three-year period, home prices have increased by 36%. While there may be some variation depending on location within this zip code (due to factors such as size and age of homes), it appears that home prices in Ponchatoula are generally increasing faster than average across Louisiana.

One reason for this increase in home prices may be related to low interest rates. Since 2007 (the year before the Great Recession), mortgage rates have decreased by over 50%, making it more affordable for people to buy a home. Additionally, since many people are buying homes now rather than renting them out (due to high rental costs), demand for homes has increased overall. This has led to an increase in home prices across all areas of Louisiana (including Ponchatoula).