70375, Mathews, LA

The 70375 zip code of Mathews, LA is located in the southwestern corner of Louisiana. The area has a population of about 9,000 and an average household income of around $50,000. Home prices in the zip code have been increasing steadily over the past few years, reaching a peak in 2016 before slowly declining since then. As of September 2017, the median home price was $130,000.

One factor that has contributed to the increase in home prices in the 70375 zip code is that it is located near several major metropolitan areas (New Orleans and Baton Rouge) with high demand for housing. Additionally, many homeowners have taken advantage of low interest rates to refinance their mortgages and increase their equity in their homes.

Despite these positive trends, there are some risks associated with buying a home in this area. For example, there is a high rate of foreclosure activity in this area which could lead to decreased demand for homes and lower home prices. Additionally, although interest rates are currently low, they may rise over time which could negatively impact homeowners' equity levels.