Woodmere, Louisiana Real Estate & Housing Market

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Woodmere Housing Information

Index	Woodmere	Louisiana	National
Median home price	$129,700	$148,300	$184,700
Median rent asked	$1,204	$800	$949
Avg. people per household	3.4	2.6	2.6
Owner occupied households	76.2%	65.4%	63.6%
Renter occupied households	23.8%	34.6%	36.4%

Above, you'll find an overview of the real estate market in Woodmere, LA. Generally, real estate in the Woodmere, LA area is more affordable in Louisiana, as the median price of a home in Woodmere, LA is $129,700, which is 13% lower than the Louisiana average. The median rental price in Woodmere, LA is $1,204. This is 51% higher than the average rental price in Louisiana. Home owners comprise 76.2% of the population of Woodmere, LA, where an average of 3.4 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Woodmere, LA. Below, you can search for real estate listings in Woodmere, LA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Woodmere Home Affordability

When searching for real estate in Woodmere, LA, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Woodmere, LA, the median house price is $129,700, while the median income for households in the area is $52,181. Therefore, the ratio of house price to income is 2.5x; this ratio is 23% lower than the average in Louisiana. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Woodmere, LA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Bridge City, LA	6,663	$94,700	49%
Avondale, LA	5,123	$96,500	48%
Pleasure Bend, LA	319	$98,800	47%
Barataria, LA	1,008	$107,600	42%
Waggaman, LA	9,673	$109,200	41%
Woodmere, LA	11,391	$129,700	30%

Cities with similar population

City, State	Population	Home Price	National Avg.
Haysville, KS	11,393	$101,700	45%
Mendota, CA	11,394	$114,500	38%
Ionia, MI	11,396	$82,500	55%
Home Gardens, CA	11,383	$249,900	35%
Centerton, AR	11,403	$144,300	22%
Woodmere, LA	11,391	$129,700	30%

Source: The Woodmere, LA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).