Houma, LA

Population: 34,040
Average annual home appreciation rate: 2.14%
Total of homes for sale in this market: 411
Median home price: $153,971
Median Rent: $794 per room
Home price range: 45.24% of homes are between $104,001 – $208,000
Median sales price: $176,500
Number of homes: 37
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 78.31% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.37%
Number of renters: 32.50%
Number of owner occupied: 67.50%
Number people living below poverty level: 16.63%
Unemployment rate: 6.40%
Is this area perfect for real estate deals going on right now? Low overall home prices, higher than average rental rates, returning appreciation, high unemployment rates and multiple vacant houses available on the market…Houma could be the ‘perfect storm’ for investors. Since our last visit to Houma in 2014, there has been a slight upward movement in home appreciation.

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