Bonita, LA 71223 housing market

What this means

• Prices. Home values are up 3.2% over the past year (U.S.: +1.2%), but still 14% below their 2022-23 peak.
• Supply. Listings are 100% below the 2017-19 norm and falling (−75% vs. a year ago): still a tight market.
• Negotiating. Buyer leverage is moderate (36/100; U.S.: 54) (as of Feb 2025): homes typically sell at or above asking (100.2% of list) (as of Oct 2022); 0% of listings had a price cut (U.S.: 26%) (as of Feb 2025).
• Affordability. A mortgage on the typical home takes 29% of the median household income (U.S.: 35%); it takes about $22k a year to keep the payment at 30% of gross pay. That includes about $1,696 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $90 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −8% to +8% over the next 12 months (57% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.4% to +7.9% (80% range; middle estimate +0.9%), chance of a rise 57%, of a 5%+ drop 18%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Morehouse Parish, LA