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 | Livingston Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,478 | $166,764 | $242,182 |
| Price Trend (Annual %) | -1.1% | 4.5% | 8.2% |
| Median Gross Rent | $1,101 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Livingston Parish is about 22% lower than in Louisiana. Rent is about 6% higher than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Livingston Parish: home prices fell about 1.1% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Livingston Parish rose about 39.1% between 2015 and 2023, from $792 to $1,101. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Livingston Parish.
Buying the median-priced home in Livingston Parish costs roughly 9.8 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 Livingston Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Livingston Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,478 | $166,764 | $242,182 |
| Median Household Income | $78,903 | $60,029 | $78,145 |
| Price-to-Income Ratio | 1.6 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Livingston Parish fell about 2.6%, while median household income rose about 48.8% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Livingston Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.9% | 57.3% | 58.2% |
| Rental Rate | 16.3% | 27.8% | 31.3% |
| Vacancy Rate | 12.8% | 14.8% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Livingston Parish has a homeownership rate of 70.9%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 12.8%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Livingston Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1996 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Livingston Parish was built around 1996. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Livingston Parish, Louisiana.
What is the median home price in Livingston Parish, Louisiana?
The median home price in Livingston Parish, Louisiana is $129,478, lower than the Louisiana average of $166,764.
What is the average home price in Livingston 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 Livingston Parish, Louisiana?
The median gross rent in Livingston Parish, Louisiana is $1,101 per month, higher than the Louisiana average of $1,038.
What was the median gross rent in Livingston Parish in 2020?
In 2020, the median gross rent in Livingston Parish, Louisiana was $966 per month.
What is the price-to-rent ratio in Livingston Parish, Louisiana?
The price-to-rent ratio in Livingston Parish, Louisiana is about 9.8, meaning it would take roughly 9.8 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 Livingston Parish.
Are home prices or rent rising faster in Livingston Parish, Louisiana?
Home prices and rent are moving in opposite directions in Livingston Parish: home prices fell about 1.1% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Livingston Parish, Louisiana?
70.9% of households in Livingston Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in Livingston Parish, Louisiana?
The housing vacancy rate in Livingston Parish, Louisiana is 12.8%, lower than the Louisiana average of 14.8%.