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 | Bienville Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,894 | $166,764 | $242,182 |
| Price Trend (Annual %) | 5.8% | 4.5% | 8.2% |
| Median Gross Rent | $600 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bienville Parish is about 66% lower than in Louisiana. Rent is about 42% 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 Bienville Parish, up about 5.8% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Bienville Parish rose about 24.5% between 2015 and 2023, from $482 to $600. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Bienville Parish.
Buying the median-priced home in Bienville Parish costs roughly 7.9 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 Bienville Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Bienville Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,894 | $166,764 | $242,182 |
| Median Household Income | $34,989 | $60,029 | $78,145 |
| Price-to-Income Ratio | 1.6 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bienville Parish fell about 35.0%, while median household income rose about 9.6% 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 | Bienville Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.7% | 57.3% | 58.2% |
| Rental Rate | 23.2% | 27.8% | 31.3% |
| Vacancy Rate | 21.1% | 14.8% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Bienville Parish has a homeownership rate of 55.7%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 21.1%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Bienville Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1980 | 1982 | 1978 |
| Median Number of Rooms | 5.1 | 5.5 | 5.5 |
The typical housing unit in Bienville Parish was built around 1980. On average, 2.3 people live in a home with about 5.1 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bienville Parish, Louisiana.
What is the median home price in Bienville Parish, Louisiana?
The median home price in Bienville Parish, Louisiana is $56,894, lower than the Louisiana average of $166,764.
What is the average home price in Bienville 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 Bienville Parish, Louisiana?
The median gross rent in Bienville Parish, Louisiana is $600 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Bienville Parish in 2020?
In 2020, the median gross rent in Bienville Parish, Louisiana was $474 per month.
What is the price-to-rent ratio in Bienville Parish, Louisiana?
The price-to-rent ratio in Bienville Parish, Louisiana is about 7.9, meaning it would take roughly 7.9 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 Bienville Parish.
Are home prices or rent rising faster in Bienville Parish, Louisiana?
Both home prices and rent are rising in Bienville Parish, up about 5.8% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bienville Parish, Louisiana?
55.7% of households in Bienville Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Bienville Parish, Louisiana?
The housing vacancy rate in Bienville Parish, Louisiana is 21.1%, higher than the Louisiana average of 14.8%.