Explore US City Houma, LA - Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
The housing market in Houma continues to see strong price appreciation, with values up 25.0% compared to last year. Home prices have increased 7.4% in the past month alone. With 6.1 months of supply, Houma's inventory levels remain relatively tight. Homes are taking about 62 days to sell, which is 5 days longer than this time last year. A significant 30.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 10.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Houma market with the affordability index at 47.3. Based on current market indicators, home prices in Houma are projected to decrease by approximately 12.6% over the next month.
Demographics market for - Houma, LA
Total Population -
30,753
Houma, LA has a total population of 32,136 residents. The area is predominantly White (68.1%), African American residents comprise 23.9% of the community. The area shows moderate demographic diversity. As a smaller community, Houma, LA offers a close-knit residential environment.
White Race
71%
African American Race
25%
Crime for City - Houma, LA
Crime analysis for Houma, LA shows 805 total incidents across all categories. The most prevalent crime type is Property Crime (50.7% of all incidents). This is followed by Assault at 46.2%. The crime rate in Houma, LA is moderate, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.
Real Estate Market Prediction for - Houma, LA
Market predictions for Houma, LA show a downward trend in home prices, with values decreasing by 2%. This suggests a gradual price adjustment in the market. The current median home price in Houma, LA is approximately $192,534.165. The stable price trend suggests a balanced market in Houma, LA, suitable for both buyers and sellers.
City Hotspots Map
Houma, LA features 3 investment hotspots with varying levels of activity. The average nightly rate of $116 suggests an affordable market for travelers. Guest satisfaction is good with an average rating of 4.0/5. With an average hotspot score of 0.79, these areas show good investment opportunities. The area features 24 hotels, offering limited but growing accommodation options.
Average Price:
$120
Max Price:
$263.63
Average Rating:
4
Location Average Score:
1
Number Of Hotels:
12
Nearby Cities From- Houma, LA
Bayou Cane, LA
Presquille, LA
Bourg, LA
Bayou Blue, LA
Gray, LA
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