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 | Avoyelles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,073 | $166,764 | $242,182 |
| Price Trend (Annual %) | 4.1% | 4.5% | 8.2% |
| Median Gross Rent | $738 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Avoyelles Parish is about 53% lower than in Louisiana. Rent is about 29% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Avoyelles Parish, up about 4.1% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Avoyelles Parish rose about 20.7% between 2015 and 2023, from $612 to $738. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Avoyelles Parish.
Buying the median-priced home in Avoyelles Parish costs roughly 8.9 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 Avoyelles Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Avoyelles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,073 | $166,764 | $242,182 |
| Median Household Income | $39,715 | $60,029 | $78,145 |
| Price-to-Income Ratio | 2.0 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Avoyelles Parish rose about 23.5%, while median household income rose about 26.8% 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 | Avoyelles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.5% | 57.3% | 58.2% |
| Rental Rate | 24.8% | 27.8% | 31.3% |
| Vacancy Rate | 20.6% | 14.8% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Avoyelles Parish has a homeownership rate of 54.5%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 20.6%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Avoyelles Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1981 | 1982 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Avoyelles Parish was built around 1981. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Avoyelles Parish, Louisiana.
What is the median home price in Avoyelles Parish, Louisiana?
The median home price in Avoyelles Parish, Louisiana is $79,073, lower than the Louisiana average of $166,764.
What is the average home price in Avoyelles 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 Avoyelles Parish, Louisiana?
The median gross rent in Avoyelles Parish, Louisiana is $738 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Avoyelles Parish in 2020?
In 2020, the median gross rent in Avoyelles Parish, Louisiana was $667 per month.
What is the price-to-rent ratio in Avoyelles Parish, Louisiana?
The price-to-rent ratio in Avoyelles Parish, Louisiana is about 8.9, meaning it would take roughly 8.9 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 Avoyelles Parish.
Are home prices or rent rising faster in Avoyelles Parish, Louisiana?
Both home prices and rent are rising in Avoyelles Parish, up about 4.1% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Avoyelles Parish, Louisiana?
54.5% of households in Avoyelles Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Avoyelles Parish, Louisiana?
The housing vacancy rate in Avoyelles Parish, Louisiana is 20.6%, higher than the Louisiana average of 14.8%.