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 | Catahoula Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,799 | $166,764 | $242,182 |
| Price Trend (Annual %) | 7.3% | 4.5% | 8.2% |
| Median Gross Rent | $723 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 7.3% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Catahoula Parish is about 26% lower than in Louisiana. Rent is about 30% 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 Catahoula Parish, up about 7.3% and 7.3% a year respectively. Rent is changing faster.
Median rent in Catahoula Parish rose about 53.0% between 2015 and 2023, from $473 to $723. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Catahoula Parish.
Buying the median-priced home in Catahoula Parish costs roughly 14.3 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 Catahoula Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Catahoula Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,799 | $166,764 | $242,182 |
| Median Household Income | $46,096 | $60,029 | $78,145 |
| Price-to-Income Ratio | 2.7 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Catahoula Parish rose about 21.4%, while median household income rose about 36.1% 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 | Catahoula Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 57.3% | 58.2% |
| Rental Rate | 16.6% | 27.8% | 31.3% |
| Vacancy Rate | 30.8% | 14.8% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Catahoula Parish has a homeownership rate of 52.6%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 30.8%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Catahoula Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1979 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Catahoula Parish was built around 1979. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Catahoula Parish, Louisiana.
What is the median home price in Catahoula Parish, Louisiana?
The median home price in Catahoula Parish, Louisiana is $123,799, lower than the Louisiana average of $166,764.
What is the average home price in Catahoula 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 Catahoula Parish, Louisiana?
The median gross rent in Catahoula Parish, Louisiana is $723 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Catahoula Parish in 2020?
In 2020, the median gross rent in Catahoula Parish, Louisiana was $657 per month.
What is the price-to-rent ratio in Catahoula Parish, Louisiana?
The price-to-rent ratio in Catahoula Parish, Louisiana is about 14.3, meaning it would take roughly 14.3 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 Catahoula Parish.
Are home prices or rent rising faster in Catahoula Parish, Louisiana?
Both home prices and rent are rising in Catahoula Parish, up about 7.3% and 7.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Catahoula Parish, Louisiana?
52.6% of households in Catahoula Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Catahoula Parish, Louisiana?
The housing vacancy rate in Catahoula Parish, Louisiana is 30.8%, higher than the Louisiana average of 14.8%.