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Norwood village, LA

ZIP 70761 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 70761

Median Home Value
$136,800
Median Rent
$486
Affordability Snapshot
$38,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$879/mo PITI).

7%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 70761 in Norwood village, LA, a household would need roughly $38,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $879. That sits below the local median household income ($85,321), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
93.8%+43% vs US avg
x
Vacancy Rate
23.8%+131% vs US avg
x
Broadband Access
76.3%-12% vs US avg
x
4+ Bedrooms
3.3%-78% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
73.7%+48% vs US avg
x
Mortgage-Free
44.9%+18% vs US avg
x
$136,800
Home Value
$486
Rent
1987
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached51.4%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units1.3%
  • Mobile home & other47.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$136,800
Median rent$486
Owner-occupied93.8%
Vacant23.8%
Price-to-income1.6x
Est. income to buy$38,000