Laplace, Louisiana Housing Market Prices
Laplace 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 59% above the Louisiana median$270,711
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Median rent 32% above the Louisiana median$1,398
Housing Market Overview
| Metric | Laplace | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,711 | $170,446 | $248,835 |
| Price Trend (Annual %) | 18.5% | 4.3% | 7.5% |
| Median Gross Rent | $1,398 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Laplace is about 59% higher than in Louisiana. Rent is about 32% 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 Laplace, up about 18.5% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Laplace rose about 46.7% between 2015 and 2024, from $954 to $1,398. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 4.3 yearly household incomes in Laplace.
Buying the median-priced home in Laplace costs roughly 16.1 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 Laplace. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Laplace | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,711 | $170,446 | $248,835 |
| Median Household Income | $63,567 | $60,934 | $80,455 |
| Price-to-Income Ratio | 4.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Laplace rose about 130.5%, while median household income rose about 22.8% 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 | Laplace | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.9% | 57.7% | 58.5% |
| Rental Rate | 22.8% | 27.9% | 31.2% |
| Vacancy Rate | 10.3% | 14.4% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Laplace has a homeownership rate of 66.9%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 10.3%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Laplace | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1983 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in Laplace was built around 1986. On average, 2.7 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Laplace, Louisiana.
What is the median home price in Laplace, Louisiana?
The median home price in Laplace, Louisiana is $270,711, higher than the Louisiana average of $170,446.
What is the average home price in Laplace, Louisiana?
The typical home price in Laplace, Louisiana, reported as the median sale price, is $270,711. 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 Laplace, Louisiana?
The median gross rent in Laplace, Louisiana is $1,398 per month, higher than the Louisiana average of $1,063.
What was the median gross rent in Laplace in 2020?
In 2020, the median gross rent in Laplace, Louisiana was $950 per month.
What is the price-to-rent ratio in Laplace, Louisiana?
The price-to-rent ratio in Laplace, Louisiana is about 16.1, meaning it would take roughly 16.1 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 Laplace.
Are home prices or rent rising faster in Laplace, Louisiana?
Both home prices and rent are rising in Laplace, up about 18.5% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Laplace, Louisiana?
66.9% of households in Laplace, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Laplace, Louisiana?
The housing vacancy rate in Laplace, Louisiana is 10.3%, lower than the Louisiana average of 14.4%.
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