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Lake Terrace & Oaks (Tract 003301)

Orleans, Louisiana

FIPS 22071003301

Juniper

Lake Terrace & Oaks (Tract 003301) is in the 1th percentile nationally for home price growth over five years. It also sits in the lowest 5% nationally for home price growth over the past year. And it sits in the highest 21% nationally for median income.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$381,743

Near the U.S. tracts median
Home Price Growth, Past Five Years

10%

Lower than 99% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

52.8

Near the U.S. tracts median

The basics

Total Population

2,439

Median Age

37.6

Population Density

4,616.56

Home values & property tax

Median Property Tax

$3,697

Property Tax Rateyearly tax as a share of home value

0.93%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

3.58×

Near the U.S. tracts median
Median Income

$111,563

Higher than 79% of U.S. tracts
Median Rent

$1,595

Higher than 64% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

-8.9%

Lower than 95% of U.S. tracts
Pandemic Price Run-Up2019–20 low → 2022–23 peak

18%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

1.6%

Climate & weather

Summer Avg High (°F)

90.3

Winter Avg Low (°F)

49.1

Avg Temperature (°F)

70.8

Hot Days/yr (>90°F)

85.6

Freezing Days/yr (<32°F)

2.3

Annual Precipitation (in)

60.1

Annual Snowfall (in)

0.1

Flood & disaster risk

Coastal Flood Loss per $1,000

$0.03

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Lake Terrace & Oaks (Tract 003301): frequently asked questions

What is the typical home value in Lake Terrace & Oaks (Tract 003301)?
The estimated median home value in Lake Terrace & Oaks (Tract 003301) today is $381,743, near the U.S. tracts median.
How much is property tax in Lake Terrace & Oaks (Tract 003301)?
The median annual property tax in Lake Terrace & Oaks (Tract 003301) is $3,697, an effective rate of 0.93% of home value.
Is Lake Terrace & Oaks (Tract 003301) expensive to live in?
Homes in Lake Terrace & Oaks (Tract 003301) cost about 3.58× the median household income, near the U.S. tracts median.
What is the average rent in Lake Terrace & Oaks (Tract 003301)?
The median gross rent in Lake Terrace & Oaks (Tract 003301) is $1,595 a month, higher than 64% of U.S. tracts.
How much have home prices grown in Lake Terrace & Oaks (Tract 003301)?
Home prices in Lake Terrace & Oaks (Tract 003301) have moved 10% over the past five years (-8.9% in the past year), per the FHFA House Price Index.
How many people live in Lake Terrace & Oaks (Tract 003301)?
Lake Terrace & Oaks (Tract 003301) has a population of 2,439, about 4,616.56 people per square mile, per the U.S. Census American Community Survey. The median age is 37.6.
What is the weather like in Lake Terrace & Oaks (Tract 003301)?
Lake Terrace & Oaks (Tract 003301) averages 70.8°F year-round, summer highs near 90.3°F, winter lows around 49.1°F (NOAA 1991–2020 normals). It sees about 0.1 inches of snow a year.
Is Lake Terrace & Oaks (Tract 003301) at risk of flooding or natural disasters?
Lake Terrace & Oaks (Tract 003301)'s FEMA National Risk Index score is 52.8 (near the U.S. tracts median). Its greatest modeled natural hazard is hurricane. Expected annual loss from flooding is $0.03 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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