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New Roads

Learn about the people, housing, costs and businesses in New Roads, Louisiana

Median Home$192,928
Median Rent$752/month
Population4,566
Leading IndustryPublic Administration31% of local workforce
Home Value Growth+7.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners73% of occupied units
New Roads
LA

Frequently Asked Questions

What are today's mortgage rates in New Roads?

As of today, the 30-year fixed mortgage rate for New Roads is approximately 6.980% (7.022% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Roads?

The median home value in New Roads is $193k. The median monthly rent is $752. Annual property taxes average $529. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Roads?

Home values in New Roads have increased 7.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Roads?

Based on a typical all-in ownership cost of $825/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Roads is $57k/year.

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What industries drive the economy in New Roads?

The largest employment sectors in New Roads are public administration (31%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.