Houma, Louisiana Housing Market Prices
Houma 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 18% above the Louisiana median$200,837
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Median rent About the same as the Louisiana median$1,066
Housing Market Overview
| Metric | Houma | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,837 | $170,446 | $248,835 |
| Price Trend (Annual %) | 12.4% | 4.3% | 7.5% |
| Median Gross Rent | $1,066 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Houma is about 18% higher than in Louisiana. Rent follows a similar pattern, running close to 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 Houma, up about 12.4% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Houma rose about 45.1% between 2015 and 2024, from $734 to $1,066. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Houma.
Buying the median-priced home in Houma costs roughly 15.7 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 Houma. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Houma | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,837 | $170,446 | $248,835 |
| Median Household Income | $51,557 | $60,934 | $80,455 |
| Price-to-Income Ratio | 3.9 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Houma rose about 1299.7%, while median household income rose about 31.3% 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 | Houma | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.0% | 57.7% | 58.5% |
| Rental Rate | 30.9% | 27.9% | 31.2% |
| Vacancy Rate | 12.2% | 14.4% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Houma has a homeownership rate of 57.0%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 12.2%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Houma | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1969 | 1983 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Houma was built around 1969. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Houma, Louisiana.
What is the median home price in Houma, Louisiana?
The median home price in Houma, Louisiana is $200,837, higher than the Louisiana average of $170,446.
What is the average home price in Houma, Louisiana?
The typical home price in Houma, Louisiana, reported as the median sale price, is $200,837. 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 Houma, Louisiana?
The median gross rent in Houma, Louisiana is $1,066 per month, about the same as the Louisiana average.
What was the median gross rent in Houma in 2020?
In 2020, the median gross rent in Houma, Louisiana was $789 per month.
What is the price-to-rent ratio in Houma, Louisiana?
The price-to-rent ratio in Houma, Louisiana is about 15.7, meaning it would take roughly 15.7 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 Houma.
Are home prices or rent rising faster in Houma, Louisiana?
Both home prices and rent are rising in Houma, up about 12.4% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Houma, Louisiana?
57.0% of households in Houma, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Houma, Louisiana?
The housing vacancy rate in Houma, Louisiana is 12.2%, lower than the Louisiana average of 14.4%.
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