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 | Claiborne Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,660 | $166,764 | $242,182 |
| Price Trend (Annual %) | 66.1% | 4.5% | 8.2% |
| Median Gross Rent | $619 | $1,038 | $1,342 |
| Rent Trend (Annual %) | -0.7% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Claiborne Parish is about 70% lower than in Louisiana. Rent is about 40% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Claiborne Parish: home prices rose about 66.1% a year while rent fell about 0.7% a year. That is an unusual pattern worth watching.
Median rent in Claiborne Parish rose about 0.3% between 2015 and 2023, from $616 to $619. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Claiborne Parish.
Buying the median-priced home in Claiborne Parish costs roughly 6.7 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 Claiborne Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Claiborne Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,660 | $166,764 | $242,182 |
| Median Household Income | $32,227 | $60,029 | $78,145 |
| Price-to-Income Ratio | 1.5 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Claiborne Parish fell about 7.4%, while median household income rose about 9.5% 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 | Claiborne Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.9% | 57.3% | 58.2% |
| Rental Rate | 21.7% | 27.8% | 31.3% |
| Vacancy Rate | 26.4% | 14.8% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Claiborne Parish has a homeownership rate of 51.9%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 26.4%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Claiborne Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1974 | 1982 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Claiborne Parish was built around 1974. On average, 2.4 people live in a home with about 5.2 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Claiborne Parish, Louisiana.
What is the median home price in Claiborne Parish, Louisiana?
The median home price in Claiborne Parish, Louisiana is $49,660, lower than the Louisiana average of $166,764.
What is the average home price in Claiborne 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 Claiborne Parish, Louisiana?
The median gross rent in Claiborne Parish, Louisiana is $619 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Claiborne Parish in 2020?
In 2020, the median gross rent in Claiborne Parish, Louisiana was $624 per month.
What is the price-to-rent ratio in Claiborne Parish, Louisiana?
The price-to-rent ratio in Claiborne Parish, Louisiana is about 6.7, meaning it would take roughly 6.7 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 Claiborne Parish.
Are home prices or rent rising faster in Claiborne Parish, Louisiana?
Home prices and rent are moving in opposite directions in Claiborne Parish: home prices rose about 66.1% a year while rent fell about 0.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Claiborne Parish, Louisiana?
51.9% of households in Claiborne Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Claiborne Parish, Louisiana?
The housing vacancy rate in Claiborne Parish, Louisiana is 26.4%, higher than the Louisiana average of 14.8%.