Central, Louisiana Housing Market Prices
Central 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 31% above the Louisiana median$223,522
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Median rent 23% above the Louisiana median$1,310
Housing Market Overview
| Metric | Central | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,522 | $170,446 | $248,835 |
| Price Trend (Annual %) | 8.9% | 4.3% | 7.5% |
| Median Gross Rent | $1,310 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 6.9% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Central is about 31% higher than in Louisiana. Rent is about 23% higher than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Central, up about 8.9% and 6.9% a year respectively. Home prices are changing faster.
Median rent in Central rose about 66.3% between 2015 and 2024, from $788 to $1,310. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Central.
Buying the median-priced home in Central costs roughly 14.2 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 Central. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Central | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,522 | $170,446 | $248,835 |
| Median Household Income | $90,983 | $60,934 | $80,455 |
| Price-to-Income Ratio | 2.5 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Central rose about 58.5%, while median household income rose about 46.6% between 2009 and 2025 — 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 | Central | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.9% | 57.7% | 58.5% |
| Rental Rate | 11.5% | 27.9% | 31.2% |
| Vacancy Rate | 7.6% | 14.4% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Central has a homeownership rate of 80.9%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 7.6%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Central | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1991 | 1983 | 1978 |
| Median Number of Rooms | 6.2 | 5.5 | 5.5 |
The typical housing unit in Central was built around 1991. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Central, Louisiana.
What is the median home price in Central, Louisiana?
The median home price in Central, Louisiana is $223,522, higher than the Louisiana average of $170,446.
What is the average home price in Central, Louisiana?
The typical home price in Central, Louisiana, reported as the median sale price, is $223,522. 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 Central, Louisiana?
The median gross rent in Central, Louisiana is $1,310 per month, higher than the Louisiana average of $1,063.
What was the median gross rent in Central in 2020?
In 2020, the median gross rent in Central, Louisiana was $994 per month.
What is the price-to-rent ratio in Central, Louisiana?
The price-to-rent ratio in Central, Louisiana is about 14.2, meaning it would take roughly 14.2 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 Central.
Are home prices or rent rising faster in Central, Louisiana?
Both home prices and rent are rising in Central, up about 8.9% and 6.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Central, Louisiana?
80.9% of households in Central, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Central, Louisiana?
The housing vacancy rate in Central, Louisiana is 7.6%, lower than the Louisiana average of 14.4%.
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