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Olla

Learn about the people, housing, costs and businesses in Olla, Louisiana

Median Home$97,900
Median Rent$610/month
Population1,447
Leading IndustriesAgriculture & Mining · Manufacturing · Construction26% agriculture & mining
Home Value Growth⬆⬆+17.4% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners81% of occupied units
NotableAffordable Market$98k median home · lower cost than 93% of the country
Olla
LA

Frequently Asked Questions

What are today's mortgage rates in Olla?

As of today, the 30-year fixed mortgage rate for Olla is approximately 7.121% (7.168% 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 Olla?

The median home value in Olla is $98k. The median monthly rent is $610. Annual property taxes average $244. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Olla?

Home values in Olla have increased 17.4% over the past two years. This indicates a strong appreciation trend. 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 Olla?

Based on a typical all-in ownership cost of $531/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olla is $41k/year.

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What industries drive the economy in Olla?

The largest employment sectors in Olla are agriculture and mining (26%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.