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 | Jackson Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $569,940 | $166,764 | $242,182 |
| Price Trend (Annual %) | 83.3% | 4.5% | 8.2% |
| Median Gross Rent | $718 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jackson Parish is about 242% higher than in Louisiana. Rent is about 31% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Jackson Parish, up about 83.3% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Jackson Parish rose about 40.8% between 2015 and 2023, from $510 to $718. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 13.1 yearly household incomes in Jackson Parish.
Buying the median-priced home in Jackson Parish costs roughly 66.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Jackson Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Jackson Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $569,940 | $166,764 | $242,182 |
| Median Household Income | $43,482 | $60,029 | $78,145 |
| Price-to-Income Ratio | 13.1 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Jackson Parish rose about 563.2%, while median household income rose about 15.4% 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 | Jackson Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.6% | 57.3% | 58.2% |
| Rental Rate | 23.0% | 27.8% | 31.3% |
| Vacancy Rate | 22.4% | 14.8% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Jackson Parish has a homeownership rate of 54.6%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 22.4%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Jackson Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1984 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Jackson Parish was built around 1984. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jackson Parish, Louisiana.
What is the median home price in Jackson Parish, Louisiana?
The median home price in Jackson Parish, Louisiana is $569,940, higher than the Louisiana average of $166,764.
What is the average home price in Jackson 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 Jackson Parish, Louisiana?
The median gross rent in Jackson Parish, Louisiana is $718 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Jackson Parish in 2020?
In 2020, the median gross rent in Jackson Parish, Louisiana was $574 per month.
What is the price-to-rent ratio in Jackson Parish, Louisiana?
The price-to-rent ratio in Jackson Parish, Louisiana is about 66.1, meaning it would take roughly 66.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Jackson Parish.
Are home prices or rent rising faster in Jackson Parish, Louisiana?
Both home prices and rent are rising in Jackson Parish, up about 83.3% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jackson Parish, Louisiana?
54.6% of households in Jackson Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Jackson Parish, Louisiana?
The housing vacancy rate in Jackson Parish, Louisiana is 22.4%, higher than the Louisiana average of 14.8%.