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 | De Soto Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,117 | $166,764 | $242,182 |
| Price Trend (Annual %) | -4.6% | 4.5% | 8.2% |
| Median Gross Rent | $719 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in De Soto Parish is about 65% lower than in Louisiana. Rent is about 31% 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 De Soto Parish: home prices fell about 4.6% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in De Soto Parish rose about 22.1% between 2015 and 2023, from $589 to $719. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in De Soto Parish.
Buying the median-priced home in De Soto Parish costs roughly 6.9 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 De Soto Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | De Soto Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,117 | $166,764 | $242,182 |
| Median Household Income | $46,531 | $60,029 | $78,145 |
| Price-to-Income Ratio | 1.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in De Soto Parish fell about 45.9%, while median household income rose about 27.0% 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 | De Soto Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 57.3% | 58.2% |
| Rental Rate | 20.3% | 27.8% | 31.3% |
| Vacancy Rate | 18.0% | 14.8% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
De Soto Parish has a homeownership rate of 61.7%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 18.0%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | De Soto Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1987 | 1982 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in De Soto Parish was built around 1987. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in De Soto Parish, Louisiana.
What is the median home price in De Soto Parish, Louisiana?
The median home price in De Soto Parish, Louisiana is $59,117, lower than the Louisiana average of $166,764.
What is the average home price in De Soto 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 De Soto Parish, Louisiana?
The median gross rent in De Soto Parish, Louisiana is $719 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in De Soto Parish in 2020?
In 2020, the median gross rent in De Soto Parish, Louisiana was $628 per month.
What is the price-to-rent ratio in De Soto Parish, Louisiana?
The price-to-rent ratio in De Soto Parish, Louisiana is about 6.9, meaning it would take roughly 6.9 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 De Soto Parish.
Are home prices or rent rising faster in De Soto Parish, Louisiana?
Home prices and rent are moving in opposite directions in De Soto Parish: home prices fell about 4.6% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in De Soto Parish, Louisiana?
61.7% of households in De Soto Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in De Soto Parish, Louisiana?
The housing vacancy rate in De Soto Parish, Louisiana is 18.0%, higher than the Louisiana average of 14.8%.