Market Overview
Home Prices in La Place, LA
The median home value in La Place, LA is $213,128 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% compared to a year ago and down 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in La Place are priced48% below average. La Place is part of the New Orleans-Metairie, LA metro area.
Over the past five years, La Place home values have fallen by approximately13.5%, reflecting softening conditions in this market.
Price History
La Place Home Price Trend
City Comparison
La Place vs. National Median
At $213,128, homes in La Place cost 48% below the national median of $410,000. This makes La Place a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in La Place?
20% Down Payment
$42,626
on $213,128
Monthly P&I
$1,112/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,412/mo
incl. taxes & insurance
Income Needed
$56,480
gross annual (30% rule)
10% Down Option
$21,313
+ PMI applies
Loan Amount (20% dn)
$170,502
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in La Place, LA?
The median home value in La Place is $213,128 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in La Place?
Over the past year, home values in La Place have decreased by 2.2%. Over five years, prices have fallen approximately 13.5%.
How much do I need to earn to buy a home in La Place?
To comfortably afford the median home price of $213,128 with a 20% down payment ($42,626) at today's rates (6.8%), you'd need a gross annual income of approximately $56,480. This assumes keeping total housing costs at or below 30% of gross income.
How does La Place compare to the national average home price?
The national median home value is approximately $410,000. At $213,128, homes in La Place are 48% below the national average.
What metro area is La Place part of?
La Place is part of the New Orleans-Metairie, LA metropolitan area. Home prices and market conditions can vary across the broader metro region.