Caddo Parish, Louisiana Housing Market Prices
Caddo 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 65% below the Louisiana median Cheaper than 89% of counties in Louisiana$59,652
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Median rent 9% below the Louisiana median More expensive than 71% of counties in Louisiana$973
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Caddo Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,652 | $170,446 | $248,835 |
| Price Trend (Annual %) | -5.0% | 4.3% | 7.5% |
| Median Gross Rent | $973 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Caddo Parish is about 65% lower than in Louisiana. Rent is about 9% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Caddo Parish: home prices fell about 5.0% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
Median rent in Caddo Parish rose about 31.3% between 2015 and 2024, from $741 to $973. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Caddo Parish.
Buying the median-priced home in Caddo Parish costs roughly 5.1 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 Caddo Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Caddo Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,652 | $170,446 | $248,835 |
| Median Household Income | $50,854 | $60,934 | $80,455 |
| Price-to-Income Ratio | 1.2 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Caddo Parish fell about 48.3%, while median household income rose about 35.1% between 2009 and 2025 — 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 | Caddo Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.3% | 57.7% | 58.5% |
| Rental Rate | 33.8% | 27.9% | 31.2% |
| Vacancy Rate | 14.9% | 14.4% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Caddo Parish has a homeownership rate of 51.3%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 14.9%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Caddo Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1978 | 1983 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Caddo Parish was built around 1978. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Caddo Parish, LA Housing Compared With Nearby Counties
Caddo Parish, LA is the largest of the 5 counties compared here, 229,305 residents against a local median of 52,987. Where Caddo Parish, LA breaks from the counties next to it is median home price, sitting 70% below the local median of $196,485 at $59,652.
Homeownership tells the same story from another angle: 60.3% against a local median of 71.8%, 16% below it. The one measure here that carries a verdict is homeownership, and at 16% below the local median it puts Caddo Parish, LA at the weaker end of the local range. The counties themselves spread $199,816 on median home price, so Caddo Parish, LA sits at one end of an already wide local range rather than apart from it. Caddo Parish, LA has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Caddo Parish, LA | 229,305 | $59,652 #5/5 | $973 #3/5 | 60.3% #5/5 |
| Bossier Parish, LA | 129,734 | $63,871 | $1,174 | 65.1% |
| Harrison County, TX | 70,155 | $248,957 | $973 | 76.9% |
| De Soto Parish, LA | 27,025 | $263,686 | $686 | 77.2% |
| Webster Parish, LA | 35,820 | $144,012 | $794 | 66.8% |
Frequently Asked Questions
Common questions about the housing market in Caddo Parish, Louisiana.
What is the median home price in Caddo Parish, Louisiana?
The median home price in Caddo Parish, Louisiana is $59,652, lower than the Louisiana average of $170,446.
What is the average home price in Caddo Parish, Louisiana?
The typical home price in Caddo Parish, Louisiana, reported as the median sale price, is $59,652. 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 Caddo Parish, Louisiana?
The median gross rent in Caddo Parish, Louisiana is $973 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Caddo Parish in 2020?
In 2020, the median gross rent in Caddo Parish, Louisiana was $806 per month.
What is the price-to-rent ratio in Caddo Parish, Louisiana?
The price-to-rent ratio in Caddo Parish, Louisiana is about 5.1, meaning it would take roughly 5.1 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 Caddo Parish.
Are home prices or rent rising faster in Caddo Parish, Louisiana?
Home prices and rent are moving in opposite directions in Caddo Parish: home prices fell about 5.0% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Caddo Parish, Louisiana?
51.3% of households in Caddo Parish, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Caddo Parish, Louisiana?
The housing vacancy rate in Caddo Parish, Louisiana is 14.9%, higher than the Louisiana average of 14.4%.
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