70463, Sun, LA

The home equity and home prices in the 70463 zip code of Sun, LA are interesting to explore. The median home value in this area is $141,000, which is significantly lower than the statewide median of $217,500. However, this does not mean that there are not a lot of homes for sale in the 70463 zip code. In fact, there are currently 121 homes for sale in this area. Additionally, the average list price for these homes is $169,000 which is also lower than the statewide average of $236,500.

One reason that there may be fewer homes for sale in the 70463 zip code compared to other areas may be due to its low population density. There are only 2,898 people living in this area which is significantly less than the statewide population of 3 million people. This could lead to a smaller pool of potential buyers and result in higher home prices.

Another factor that could contribute to higher home prices in the 70463 zip code is its relatively high unemployment rate. Currently, unemployment rates stand at 8% which is much higher than Louisiana's overall unemployment rate of 4%. This could lead to increased demand for housing and consequently higher home prices.