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 | Beauregard Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,998 | $166,764 | $242,182 |
| Price Trend (Annual %) | 6.2% | 4.5% | 8.2% |
| Median Gross Rent | $881 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Beauregard Parish is about 10% lower than in Louisiana. Rent is about 15% 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 Beauregard Parish, up about 6.2% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Beauregard Parish rose about 31.8% between 2015 and 2023, from $669 to $881. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Beauregard Parish.
Buying the median-priced home in Beauregard Parish costs roughly 14.2 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 Beauregard Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Beauregard Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $149,998 | $166,764 | $242,182 |
| Median Household Income | $64,649 | $60,029 | $78,145 |
| Price-to-Income Ratio | 2.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Beauregard Parish rose about 70.0%, while median household income rose about 49.8% between 2009 and 2023 — 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 | Beauregard Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.3% | 57.3% | 58.2% |
| Rental Rate | 14.4% | 27.8% | 31.3% |
| Vacancy Rate | 14.3% | 14.8% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Beauregard Parish has a homeownership rate of 71.3%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 14.3%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Beauregard Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1989 | 1982 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in Beauregard Parish was built around 1989. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Beauregard Parish, Louisiana.
What is the median home price in Beauregard Parish, Louisiana?
The median home price in Beauregard Parish, Louisiana is $149,998, lower than the Louisiana average of $166,764.
What is the average home price in Beauregard 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 Beauregard Parish, Louisiana?
The median gross rent in Beauregard Parish, Louisiana is $881 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Beauregard Parish in 2020?
In 2020, the median gross rent in Beauregard Parish, Louisiana was $734 per month.
What is the price-to-rent ratio in Beauregard Parish, Louisiana?
The price-to-rent ratio in Beauregard Parish, Louisiana is about 14.2, meaning it would take roughly 14.2 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 Beauregard Parish.
Are home prices or rent rising faster in Beauregard Parish, Louisiana?
Both home prices and rent are rising in Beauregard Parish, up about 6.2% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Beauregard Parish, Louisiana?
71.3% of households in Beauregard Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in Beauregard Parish, Louisiana?
The housing vacancy rate in Beauregard Parish, Louisiana is 14.3%, lower than the Louisiana average of 14.8%.