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 | Cameron Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $166,764 | $242,182 |
| Price Trend (Annual %) | 22.7% | 4.5% | 8.2% |
| Median Gross Rent | $2,175 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 34.1% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cameron Parish is about 18% lower than in Louisiana. Rent is about 109% 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 Cameron Parish, up about 22.7% and 34.1% a year respectively. Rent is changing faster.
Median rent in Cameron Parish rose about 199.2% between 2015 and 2023, from $727 to $2,175. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Cameron Parish.
Buying the median-priced home in Cameron Parish costs roughly 5.3 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 Cameron Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Cameron Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $166,764 | $242,182 |
| Median Household Income | $73,996 | $60,029 | $78,145 |
| Price-to-Income Ratio | 1.9 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cameron Parish rose about 60.9%, while median household income rose about 31.9% 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 | Cameron Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.2% | 57.3% | 58.2% |
| Rental Rate | 1.8% | 27.8% | 31.3% |
| Vacancy Rate | 41.0% | 14.8% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Cameron Parish has a homeownership rate of 57.2%, about the same as the Louisiana average of 57.3%. Its housing vacancy rate is 41.0%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Cameron Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1982 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Cameron Parish was built around 1982. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cameron Parish, Louisiana.
What is the median home price in Cameron Parish, Louisiana?
The median home price in Cameron Parish, Louisiana is $137,500, lower than the Louisiana average of $166,764.
What is the average home price in Cameron 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 Cameron Parish, Louisiana?
The median gross rent in Cameron Parish, Louisiana is $2,175 per month, higher than the Louisiana average of $1,038.
What was the median gross rent in Cameron Parish in 2020?
In 2020, the median gross rent in Cameron Parish, Louisiana was $857 per month.
What is the price-to-rent ratio in Cameron Parish, Louisiana?
The price-to-rent ratio in Cameron Parish, Louisiana is about 5.3, meaning it would take roughly 5.3 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 Cameron Parish.
Are home prices or rent rising faster in Cameron Parish, Louisiana?
Both home prices and rent are rising in Cameron Parish, up about 22.7% and 34.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Cameron Parish, Louisiana?
57.2% of households in Cameron Parish, Louisiana own their home, about the same as the Louisiana average.
What is the vacancy rate in Cameron Parish, Louisiana?
The housing vacancy rate in Cameron Parish, Louisiana is 41.0%, higher than the Louisiana average of 14.8%.