Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Acadia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,666 | $166,764 | $242,182 |
| Price Trend (Annual %) | -1.6% | 4.5% | 8.2% |
| Median Gross Rent | $724 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Acadia Parish is about 53% lower than in Louisiana. Rent is about 30% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Acadia Parish: home prices fell about 1.6% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Acadia Parish rose about 35.4% between 2015 and 2023, from $535 to $724. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Acadia Parish.
Buying the median-priced home in Acadia Parish costs roughly 9.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Acadia Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Acadia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,666 | $166,764 | $242,182 |
| Median Household Income | $45,214 | $60,029 | $78,145 |
| Price-to-Income Ratio | 1.7 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Acadia Parish fell about 23.8%, while median household income rose about 31.7% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Acadia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 57.3% | 58.2% |
| Rental Rate | 27.6% | 27.8% | 31.3% |
| Vacancy Rate | 14.0% | 14.8% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Acadia Parish has a homeownership rate of 58.4%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 14.0%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Acadia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1982 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Acadia Parish was built around 1982. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Acadia Parish, Louisiana.
What is the median home price in Acadia Parish, Louisiana?
The median home price in Acadia Parish, Louisiana is $78,666, lower than the Louisiana average of $166,764.
What is the average home price in Acadia Parish, Louisiana?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Acadia Parish, Louisiana?
The median gross rent in Acadia Parish, Louisiana is $724 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Acadia Parish in 2020?
In 2020, the median gross rent in Acadia Parish, Louisiana was $659 per month.
What is the price-to-rent ratio in Acadia Parish, Louisiana?
The price-to-rent ratio in Acadia Parish, Louisiana is about 9.1, meaning it would take roughly 9.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Acadia Parish.
Are home prices or rent rising faster in Acadia Parish, Louisiana?
Home prices and rent are moving in opposite directions in Acadia Parish: home prices fell about 1.6% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Acadia Parish, Louisiana?
58.4% of households in Acadia Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in Acadia Parish, Louisiana?
The housing vacancy rate in Acadia Parish, Louisiana is 14.0%, lower than the Louisiana average of 14.8%.