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 | Iberville Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,967 | $166,764 | $242,182 |
| Price Trend (Annual %) | 32.2% | 4.5% | 8.2% |
| Median Gross Rent | $817 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.0% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Iberville Parish is about 9% higher than in Louisiana. Rent is about 21% 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 Iberville Parish, up about 32.2% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Iberville Parish rose about 30.5% between 2015 and 2023, from $626 to $817. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Iberville Parish.
Buying the median-priced home in Iberville Parish costs roughly 18.5 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 Iberville Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Iberville Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,967 | $166,764 | $242,182 |
| Median Household Income | $58,793 | $60,029 | $78,145 |
| Price-to-Income Ratio | 3.1 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Iberville Parish rose about 234.0%, while median household income rose about 44.4% 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 | Iberville Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.3% | 57.3% | 58.2% |
| Rental Rate | 19.9% | 27.8% | 31.3% |
| Vacancy Rate | 17.8% | 14.8% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Iberville Parish has a homeownership rate of 62.3%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 17.8%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Iberville Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1991 | 1982 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Iberville Parish was built around 1991. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Iberville Parish, Louisiana.
What is the median home price in Iberville Parish, Louisiana?
The median home price in Iberville Parish, Louisiana is $180,967, higher than the Louisiana average of $166,764.
What is the average home price in Iberville 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 Iberville Parish, Louisiana?
The median gross rent in Iberville Parish, Louisiana is $817 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Iberville Parish in 2020?
In 2020, the median gross rent in Iberville Parish, Louisiana was $747 per month.
What is the price-to-rent ratio in Iberville Parish, Louisiana?
The price-to-rent ratio in Iberville Parish, Louisiana is about 18.5, meaning it would take roughly 18.5 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 Iberville Parish.
Are home prices or rent rising faster in Iberville Parish, Louisiana?
Both home prices and rent are rising in Iberville Parish, up about 32.2% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Iberville Parish, Louisiana?
62.3% of households in Iberville Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in Iberville Parish, Louisiana?
The housing vacancy rate in Iberville Parish, Louisiana is 17.8%, higher than the Louisiana average of 14.8%.