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 | Evangeline Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $292,500 | $166,764 | $242,182 |
| Price Trend (Annual %) | 59.6% | 4.5% | 8.2% |
| Median Gross Rent | $663 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Evangeline Parish is about 75% higher than in Louisiana. Rent is about 36% 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 Evangeline Parish, up about 59.6% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Evangeline Parish rose about 23.3% between 2015 and 2023, from $538 to $663. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 6.8 yearly household incomes in Evangeline Parish.
Buying the median-priced home in Evangeline Parish costs roughly 36.8 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 Evangeline Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Evangeline Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $292,500 | $166,764 | $242,182 |
| Median Household Income | $42,797 | $60,029 | $78,145 |
| Price-to-Income Ratio | 6.8 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Evangeline Parish rose about 424.3%, while median household income rose about 26.6% between 2009 and 2023 — 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 | Evangeline Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.6% | 57.3% | 58.2% |
| Rental Rate | 29.6% | 27.8% | 31.3% |
| Vacancy Rate | 15.7% | 14.8% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Evangeline Parish has a homeownership rate of 54.6%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 15.7%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Evangeline Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1982 | 1982 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in Evangeline Parish was built around 1982. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Evangeline Parish, Louisiana.
What is the median home price in Evangeline Parish, Louisiana?
The median home price in Evangeline Parish, Louisiana is $292,500, higher than the Louisiana average of $166,764.
What is the average home price in Evangeline 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 Evangeline Parish, Louisiana?
The median gross rent in Evangeline Parish, Louisiana is $663 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Evangeline Parish in 2020?
In 2020, the median gross rent in Evangeline Parish, Louisiana was $572 per month.
What is the price-to-rent ratio in Evangeline Parish, Louisiana?
The price-to-rent ratio in Evangeline Parish, Louisiana is about 36.8, meaning it would take roughly 36.8 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 Evangeline Parish.
Are home prices or rent rising faster in Evangeline Parish, Louisiana?
Both home prices and rent are rising in Evangeline Parish, up about 59.6% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Evangeline Parish, Louisiana?
54.6% of households in Evangeline Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Evangeline Parish, Louisiana?
The housing vacancy rate in Evangeline Parish, Louisiana is 15.7%, higher than the Louisiana average of 14.8%.