Harvey, Louisiana Housing Market Prices
Harvey 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 32% above the Louisiana median$224,731
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Median rent 12% above the Louisiana median$1,186
Housing Market Overview
| Metric | Harvey | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,731 | $170,446 | $248,835 |
| Price Trend (Annual %) | 10.1% | 4.3% | 7.5% |
| Median Gross Rent | $1,186 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harvey is about 32% higher than in Louisiana. Rent is about 12% higher 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 Harvey, up about 10.1% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Harvey rose about 32.7% between 2015 and 2024, from $893 to $1,186. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Harvey.
Buying the median-priced home in Harvey costs roughly 15.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Harvey. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Harvey | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,731 | $170,446 | $248,835 |
| Median Household Income | $49,971 | $60,934 | $80,455 |
| Price-to-Income Ratio | 4.5 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Harvey rose about 57.0%, while median household income rose about 12.3% between 2009 and 2025 — 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 | Harvey | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.5% | 57.7% | 58.5% |
| Rental Rate | 41.1% | 27.9% | 31.2% |
| Vacancy Rate | 8.3% | 14.4% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Harvey has a homeownership rate of 50.5%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 8.3%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Harvey | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1978 | 1983 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Harvey was built around 1978. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Harvey, LA Housing Compared With Nearby Cities
How Harvey, LA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Harvey, LA | 21,190 | $224,731 #1/2 | $1,186 #1/2 | 55.1% #2/2 |
| Marrero, LA | 27,394 | $130,649 | $1,013 | 65.4% |
Frequently Asked Questions
Common questions about the housing market in Harvey, Louisiana.
What is the median home price in Harvey, Louisiana?
The median home price in Harvey, Louisiana is $224,731, higher than the Louisiana average of $170,446.
What is the average home price in Harvey, Louisiana?
The typical home price in Harvey, Louisiana, reported as the median sale price, is $224,731. 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 Harvey, Louisiana?
The median gross rent in Harvey, Louisiana is $1,186 per month, higher than the Louisiana average of $1,063.
What was the median gross rent in Harvey in 2020?
In 2020, the median gross rent in Harvey, Louisiana was $976 per month.
What is the price-to-rent ratio in Harvey, Louisiana?
The price-to-rent ratio in Harvey, Louisiana is about 15.8, meaning it would take roughly 15.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Harvey.
Are home prices or rent rising faster in Harvey, Louisiana?
Both home prices and rent are rising in Harvey, up about 10.1% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Harvey, Louisiana?
50.5% of households in Harvey, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Harvey, Louisiana?
The housing vacancy rate in Harvey, Louisiana is 8.3%, lower than the Louisiana average of 14.4%.
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