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 | Caldwell Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,377 | $166,764 | $242,182 |
| Price Trend (Annual %) | 13.3% | 4.5% | 8.2% |
| Median Gross Rent | $756 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Caldwell Parish is about 12% lower than in Louisiana. Rent is about 27% 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 Caldwell Parish, up about 13.3% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Caldwell Parish rose about 47.5% between 2015 and 2023, from $513 to $756. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Caldwell Parish.
Buying the median-priced home in Caldwell Parish costs roughly 16.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Caldwell Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Caldwell Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,377 | $166,764 | $242,182 |
| Median Household Income | $44,933 | $60,029 | $78,145 |
| Price-to-Income Ratio | 3.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Caldwell Parish rose about 91.5%, while median household income rose about 15.2% 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 | Caldwell Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.8% | 57.3% | 58.2% |
| Rental Rate | 24.6% | 27.8% | 31.3% |
| Vacancy Rate | 20.6% | 14.8% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Caldwell Parish has a homeownership rate of 54.8%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 20.6%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Caldwell Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1987 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Caldwell Parish was built around 1987. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Caldwell Parish, Louisiana.
What is the median home price in Caldwell Parish, Louisiana?
The median home price in Caldwell Parish, Louisiana is $146,377, lower than the Louisiana average of $166,764.
What is the average home price in Caldwell 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 Caldwell Parish, Louisiana?
The median gross rent in Caldwell Parish, Louisiana is $756 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Caldwell Parish in 2020?
In 2020, the median gross rent in Caldwell Parish, Louisiana was $732 per month.
What is the price-to-rent ratio in Caldwell Parish, Louisiana?
The price-to-rent ratio in Caldwell Parish, Louisiana is about 16.1, meaning it would take roughly 16.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Caldwell Parish.
Are home prices or rent rising faster in Caldwell Parish, Louisiana?
Both home prices and rent are rising in Caldwell Parish, up about 13.3% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Caldwell Parish, Louisiana?
54.8% of households in Caldwell Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Caldwell Parish, Louisiana?
The housing vacancy rate in Caldwell Parish, Louisiana is 20.6%, higher than the Louisiana average of 14.8%.