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 | Calcasieu Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,472 | $166,764 | $242,182 |
| Price Trend (Annual %) | 0.7% | 4.5% | 8.2% |
| Median Gross Rent | $1,095 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calcasieu Parish is about 4% lower than in Louisiana. Rent is about 5% higher 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 Calcasieu Parish, up about 0.7% and 5.2% a year respectively. Rent is changing faster.
Median rent in Calcasieu Parish rose about 44.5% between 2015 and 2023, from $758 to $1,095. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Calcasieu Parish.
Buying the median-priced home in Calcasieu Parish costs roughly 12.1 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 Calcasieu Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Calcasieu Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,472 | $166,764 | $242,182 |
| Median Household Income | $67,475 | $60,029 | $78,145 |
| Price-to-Income Ratio | 2.4 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calcasieu Parish rose about 59.8%, while median household income rose about 57.6% 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 | Calcasieu Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 57.3% | 58.2% |
| Rental Rate | 22.6% | 27.8% | 31.3% |
| Vacancy Rate | 18.5% | 14.8% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Calcasieu Parish has a homeownership rate of 58.9%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 18.5%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Calcasieu Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1986 | 1982 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Calcasieu Parish was built around 1986. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calcasieu Parish, Louisiana.
What is the median home price in Calcasieu Parish, Louisiana?
The median home price in Calcasieu Parish, Louisiana is $159,472, lower than the Louisiana average of $166,764.
What is the average home price in Calcasieu 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 Calcasieu Parish, Louisiana?
The median gross rent in Calcasieu Parish, Louisiana is $1,095 per month, higher than the Louisiana average of $1,038.
What was the median gross rent in Calcasieu Parish in 2020?
In 2020, the median gross rent in Calcasieu Parish, Louisiana was $850 per month.
What is the price-to-rent ratio in Calcasieu Parish, Louisiana?
The price-to-rent ratio in Calcasieu Parish, Louisiana is about 12.1, meaning it would take roughly 12.1 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 Calcasieu Parish.
Are home prices or rent rising faster in Calcasieu Parish, Louisiana?
Both home prices and rent are rising in Calcasieu Parish, up about 0.7% and 5.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Calcasieu Parish, Louisiana?
58.9% of households in Calcasieu Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in Calcasieu Parish, Louisiana?
The housing vacancy rate in Calcasieu Parish, Louisiana is 18.5%, higher than the Louisiana average of 14.8%.