Assumption Parish, Louisiana Housing Market Prices
Assumption 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.
-
Median home price 31% below the Louisiana median Cheaper than 70% of counties in Louisiana$116,945
-
Median rent 24% below the Louisiana median$810
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Assumption Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,945 | $170,446 | $248,835 |
| Price Trend (Annual %) | 4.2% | 4.3% | 7.5% |
| Median Gross Rent | $810 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 2.3% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Assumption Parish is about 31% lower than in Louisiana. Rent is about 24% 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 Assumption Parish, up about 4.2% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Assumption Parish rose about 29.4% between 2015 and 2024, from $626 to $810. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Assumption Parish.
Buying the median-priced home in Assumption Parish costs roughly 12.0 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 Assumption Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Assumption Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,945 | $170,446 | $248,835 |
| Median Household Income | $52,234 | $60,934 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Assumption Parish rose about 21.9%, while median household income rose about 20.8% 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 | Assumption Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.4% | 57.7% | 58.5% |
| Rental Rate | 13.3% | 27.9% | 31.2% |
| Vacancy Rate | 12.3% | 14.4% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Assumption Parish has a homeownership rate of 74.4%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 12.3%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Assumption Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1984 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Assumption Parish was built around 1984. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Assumption Parish, LA Housing Compared With Nearby Counties
Assumption Parish, LA is the 5th largest of the 6 counties compared here, 20,480 residents against a local median of 47,828. Where Assumption Parish, LA breaks from the counties next to it is median home price, sitting 15% below the local median of $137,826 at $116,945.
The counties themselves spread $141,500 on median home price, so Assumption Parish, LA sits at one end of an already wide local range rather than apart from it. Assumption Parish, LA has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Assumption Parish, LA | 20,480 | $116,945 #4/6 | $810 #6/6 | 84.8% #1/6 |
| St. James Parish, LA | 19,390 | $93,772 | $903 | 84.6% |
| Ascension Parish, LA | 130,307 | $177,438 | $1,318 | 81.0% |
| Iberville Parish, LA | 29,819 | $137,826 | $827 | 75.1% |
| St. Mary Parish, LA | 47,828 | $213,709 | $847 | 68.6% |
| St. Martin Parish, LA | 51,353 | $72,210 | $869 | 77.7% |
Frequently Asked Questions
Common questions about the housing market in Assumption Parish, Louisiana.
What is the median home price in Assumption Parish, Louisiana?
The median home price in Assumption Parish, Louisiana is $116,945, lower than the Louisiana average of $170,446.
What is the average home price in Assumption Parish, Louisiana?
The typical home price in Assumption Parish, Louisiana, reported as the median sale price, is $116,945. 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 Assumption Parish, Louisiana?
The median gross rent in Assumption Parish, Louisiana is $810 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Assumption Parish in 2020?
In 2020, the median gross rent in Assumption Parish, Louisiana was $721 per month.
What is the price-to-rent ratio in Assumption Parish, Louisiana?
The price-to-rent ratio in Assumption Parish, Louisiana is about 12.0, meaning it would take roughly 12.0 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 Assumption Parish.
Are home prices or rent rising faster in Assumption Parish, Louisiana?
Both home prices and rent are rising in Assumption Parish, up about 4.2% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Assumption Parish, Louisiana?
74.4% of households in Assumption Parish, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Assumption Parish, Louisiana?
The housing vacancy rate in Assumption Parish, Louisiana is 12.3%, lower than the Louisiana average of 14.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →