Grant Parish, Louisiana Housing Market Prices
Grant Parish 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 66% below the Louisiana median Cheaper than 90% of counties in Louisiana$57,171
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Median rent 15% below the Louisiana median$904
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grant Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,171 | $170,446 | $248,835 |
| Price Trend (Annual %) | 20.1% | 4.3% | 7.5% |
| Median Gross Rent | $904 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grant Parish is about 66% lower than in Louisiana. Rent is about 15% lower 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 Grant Parish, up about 20.1% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Grant Parish rose about 24.1% between 2015 and 2024, from $728 to $904. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Grant Parish.
Buying the median-priced home in Grant Parish costs roughly 5.3 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 Grant Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Grant Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,171 | $170,446 | $248,835 |
| Median Household Income | $63,876 | $60,934 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grant Parish rose about 2.3%, while median household income rose about 47.9% between 2009 and 2025 — 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 | Grant Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.9% | 57.7% | 58.5% |
| Rental Rate | 16.8% | 27.9% | 31.2% |
| Vacancy Rate | 18.3% | 14.4% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Grant Parish has a homeownership rate of 64.9%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 18.3%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Grant Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Grant Parish was built around 1986. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Grant Parish, LA Housing Compared With Nearby Counties
Grant Parish, LA is the 2nd largest of the 4 counties compared here, 22,095 residents against a local median of 14,789. Grant Parish, LA's median home price, at $57,171, runs 66% below the $168,749 typical of the counties around it.
Homeownership tells the same story from another angle: 79.4% against a local median of 68.9%, 15% above it. The one measure here that carries a verdict is homeownership, and at 15% above the local median it puts Grant Parish, LA at the better end of the local range. The counties themselves spread $136,586 on median home price, so Grant Parish, LA sits at one end of an already wide local range rather than apart from it. Grant Parish, LA has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grant Parish, LA | 22,095 | $57,171 #4/4 | $904 #2/4 | 79.4% #2/4 |
| Rapides Parish, LA | 127,522 | $168,749 | $949 | 64.8% |
| LaSalle Parish, LA | 14,789 | $100,240 | $657 | 80.6% |
| Caldwell Parish, LA | 9,498 | $236,826 | $829 | 68.9% |
Frequently Asked Questions
Common questions about the housing market in Grant Parish, Louisiana.
What is the median home price in Grant Parish, Louisiana?
The median home price in Grant Parish, Louisiana is $57,171, lower than the Louisiana average of $170,446.
What is the average home price in Grant Parish, Louisiana?
The typical home price in Grant Parish, Louisiana, reported as the median sale price, is $57,171. 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 Grant Parish, Louisiana?
The median gross rent in Grant Parish, Louisiana is $904 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Grant Parish in 2020?
In 2020, the median gross rent in Grant Parish, Louisiana was $718 per month.
What is the price-to-rent ratio in Grant Parish, Louisiana?
The price-to-rent ratio in Grant Parish, Louisiana is about 5.3, meaning it would take roughly 5.3 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 Grant Parish.
Are home prices or rent rising faster in Grant Parish, Louisiana?
Both home prices and rent are rising in Grant Parish, up about 20.1% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grant Parish, Louisiana?
64.9% of households in Grant Parish, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Grant Parish, Louisiana?
The housing vacancy rate in Grant Parish, Louisiana is 18.3%, higher than the Louisiana average of 14.4%.
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