Iberia Parish, Louisiana Housing Market Prices
Iberia 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 9% below the Louisiana median$154,658
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Median rent 16% below the Louisiana median$896
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Iberia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,658 | $170,446 | $248,835 |
| Price Trend (Annual %) | 19.0% | 4.3% | 7.5% |
| Median Gross Rent | $896 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Iberia Parish is about 9% lower than in Louisiana. Rent is about 16% 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 Iberia Parish, up about 19.0% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Iberia Parish rose about 36.4% between 2015 and 2024, from $657 to $896. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Iberia Parish.
Buying the median-priced home in Iberia Parish costs roughly 14.4 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 Iberia Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Iberia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,658 | $170,446 | $248,835 |
| Median Household Income | $56,492 | $60,934 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Iberia Parish rose about 159.1%, while median household income rose about 32.2% 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 | Iberia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.5% | 57.7% | 58.5% |
| Rental Rate | 28.0% | 27.9% | 31.2% |
| Vacancy Rate | 14.4% | 14.4% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Iberia Parish has a homeownership rate of 57.5%, about the same as the Louisiana average of 57.7%. Its housing vacancy rate is 14.4%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Iberia Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1984 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Iberia Parish was built around 1984. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Iberia Parish, LA Housing Compared With Nearby Counties
Iberia Parish, LA is the 2nd largest of the 6 counties compared here, 68,630 residents against a local median of 51,353. Iberia Parish, LA sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 12% above the local median at $154,658 against $137,826. Iberia Parish, LA has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Iberia Parish, LA | 68,630 | $154,658 #3/6 | $896 #2/6 | 67.3% #5/6 |
| St. Mary Parish, LA | 47,828 | $213,709 | $847 | 68.6% |
| St. Martin Parish, LA | 51,353 | $72,210 | $869 | 77.7% |
| Lafayette Parish, LA | 247,982 | $241,213 | $1,056 | 65.5% |
| Vermilion Parish, LA | 57,123 | $24,797 | $847 | 73.4% |
| Iberville Parish, LA | 29,819 | $137,826 | $827 | 75.1% |
Frequently Asked Questions
Common questions about the housing market in Iberia Parish, Louisiana.
What is the median home price in Iberia Parish, Louisiana?
The median home price in Iberia Parish, Louisiana is $154,658, lower than the Louisiana average of $170,446.
What is the average home price in Iberia Parish, Louisiana?
The typical home price in Iberia Parish, Louisiana, reported as the median sale price, is $154,658. 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 Iberia Parish, Louisiana?
The median gross rent in Iberia Parish, Louisiana is $896 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Iberia Parish in 2020?
In 2020, the median gross rent in Iberia Parish, Louisiana was $810 per month.
What is the price-to-rent ratio in Iberia Parish, Louisiana?
The price-to-rent ratio in Iberia Parish, Louisiana is about 14.4, meaning it would take roughly 14.4 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 Iberia Parish.
Are home prices or rent rising faster in Iberia Parish, Louisiana?
Both home prices and rent are rising in Iberia Parish, up about 19.0% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Iberia Parish, Louisiana?
57.5% of households in Iberia Parish, Louisiana own their home, about the same as the Louisiana average.
What is the vacancy rate in Iberia Parish, Louisiana?
The housing vacancy rate in Iberia Parish, Louisiana is 14.4%, about the same as the Louisiana average.
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