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 | East Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $231,977 | $166,764 | $242,182 |
| Price Trend (Annual %) | -2.6% | 4.5% | 8.2% |
| Median Gross Rent | $744 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 1.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Feliciana Parish is about 39% higher than in Louisiana. Rent is about 28% 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 East Feliciana Parish: home prices fell about 2.6% a year while rent rose about 1.2% a year. That is an unusual pattern worth watching.
Median rent in East Feliciana Parish rose about 12.0% between 2015 and 2023, from $664 to $744. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in East Feliciana Parish.
Buying the median-priced home in East Feliciana Parish costs roughly 26.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in East Feliciana Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | East Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $231,977 | $166,764 | $242,182 |
| Median Household Income | $71,085 | $60,029 | $78,145 |
| Price-to-Income Ratio | 3.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in East Feliciana Parish fell about 45.9%, while median household income rose about 92.0% 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 | East Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.1% | 57.3% | 58.2% |
| Rental Rate | 12.9% | 27.8% | 31.3% |
| Vacancy Rate | 20.0% | 14.8% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
East Feliciana Parish has a homeownership rate of 67.1%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 20.0%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | East Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1992 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in East Feliciana Parish was built around 1992. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in East Feliciana Parish, Louisiana.
What is the median home price in East Feliciana Parish, Louisiana?
The median home price in East Feliciana Parish, Louisiana is $231,977, higher than the Louisiana average of $166,764.
What is the average home price in East Feliciana 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 East Feliciana Parish, Louisiana?
The median gross rent in East Feliciana Parish, Louisiana is $744 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in East Feliciana Parish in 2020?
In 2020, the median gross rent in East Feliciana Parish, Louisiana was $711 per month.
What is the price-to-rent ratio in East Feliciana Parish, Louisiana?
The price-to-rent ratio in East Feliciana Parish, Louisiana is about 26.0, meaning it would take roughly 26.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in East Feliciana Parish.
Are home prices or rent rising faster in East Feliciana Parish, Louisiana?
Home prices and rent are moving in opposite directions in East Feliciana Parish: home prices fell about 2.6% a year while rent rose about 1.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in East Feliciana Parish, Louisiana?
67.1% of households in East Feliciana Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in East Feliciana Parish, Louisiana?
The housing vacancy rate in East Feliciana Parish, Louisiana is 20.0%, higher than the Louisiana average of 14.8%.