70730, Ethel, LA

The home equity and home prices in the 70730 zip code of Ethel, LA are very high. The median home value in this zip code is $269,000, which is significantly higher than the national median home value of $177,500. Additionally, the percentage of homes in this zip code that are valued at over $300,000 is also high. This indicates that there are a lot of wealthy homeowners in this area.

One reason for the high home values in this zip code is likely the strong economy. Home values have been increasing steadily since 2007, which likely reflects both an increase in demand for housing and an increase in available supply due to increased construction activity. In addition, Ethel is located near several major metropolitan areas (New Orleans and Baton Rouge), which may also contribute to the high home values.

Despite the high home values, it's important to keep in mind that not everyone living in this area can afford these prices. The percentage of households earning less than $35,000 a year is relatively high compared to other parts of Louisiana (14% vs 8%), and the percentage of households earning less than $20,000 a year is also higher than average (15% vs 10%). This suggests that there may be a lot of people who are struggling to afford homes in this area.