Allen Parish, Louisiana Housing Market Prices
Allen Parish Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 55% above the Louisiana median More expensive than 87% of counties in Louisiana$265,000
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Median rent 27% below the Louisiana median Cheaper than 70% of counties in Louisiana$775
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Allen Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,000 | $170,446 | $248,835 |
| Price Trend (Annual %) | 43.2% | 4.3% | 7.5% |
| Median Gross Rent | $775 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Allen Parish is about 55% higher than in Louisiana. Rent is about 27% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Allen Parish, up about 43.2% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Allen Parish rose about 48.6% between 2015 and 2024, from $521 to $775. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Allen Parish.
Buying the median-priced home in Allen Parish costs roughly 28.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Allen Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Allen Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,000 | $170,446 | $248,835 |
| Median Household Income | $46,723 | $60,934 | $80,455 |
| Price-to-Income Ratio | 5.7 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Allen Parish rose about 268.0%, while median household income rose about 31.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Allen Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 57.7% | 58.5% |
| Rental Rate | 21.3% | 27.9% | 31.2% |
| Vacancy Rate | 18.1% | 14.4% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Allen Parish has a homeownership rate of 60.6%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 18.1%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Allen Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1985 | 1983 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Allen Parish was built around 1985. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Allen Parish, LA Housing Compared With Nearby Counties
How Allen Parish, LA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Allen Parish, LA | 22,477 | $265,000 #1/2 | $775 #2/2 | 74.0% #1/2 |
| Vernon Parish, LA | 47,107 | $145,815 | $1,067 | 56.0% |
Frequently Asked Questions
Common questions about the housing market in Allen Parish, Louisiana.
What is the median home price in Allen Parish, Louisiana?
The median home price in Allen Parish, Louisiana is $265,000, higher than the Louisiana average of $170,446.
What is the average home price in Allen Parish, Louisiana?
The typical home price in Allen Parish, Louisiana, reported as the median sale price, is $265,000. 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 Allen Parish, Louisiana?
The median gross rent in Allen Parish, Louisiana is $775 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Allen Parish in 2020?
In 2020, the median gross rent in Allen Parish, Louisiana was $664 per month.
What is the price-to-rent ratio in Allen Parish, Louisiana?
The price-to-rent ratio in Allen Parish, Louisiana is about 28.5, meaning it would take roughly 28.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Allen Parish.
Are home prices or rent rising faster in Allen Parish, Louisiana?
Both home prices and rent are rising in Allen Parish, up about 43.2% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Allen Parish, Louisiana?
60.6% of households in Allen Parish, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Allen Parish, Louisiana?
The housing vacancy rate in Allen Parish, Louisiana is 18.1%, higher than the Louisiana average of 14.4%.
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