Marrero, Louisiana Housing Market Prices
Marrero 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 23% below the Louisiana median$130,649
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Median rent 5% below the Louisiana median$1,013
Housing Market Overview
| Metric | Marrero | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $130,649 | $170,446 | $248,835 |
| Price Trend (Annual %) | 3.7% | 4.3% | 7.5% |
| Median Gross Rent | $1,013 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marrero is about 23% lower than in Louisiana. Rent is about 5% 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 Marrero, up about 3.7% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Marrero rose about 26.1% between 2015 and 2024, from $803 to $1,013. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Marrero.
Buying the median-priced home in Marrero costs roughly 10.8 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 Marrero. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Marrero | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $130,649 | $170,446 | $248,835 |
| Median Household Income | $41,787 | $60,934 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marrero rose about 23.7%, while median household income rose about 20.3% 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 | Marrero | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.8% | 57.7% | 58.5% |
| Rental Rate | 31.2% | 27.9% | 31.2% |
| Vacancy Rate | 10.0% | 14.4% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Marrero has a homeownership rate of 58.8%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 10.0%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Marrero | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1971 | 1983 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Marrero was built around 1971. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Marrero, Louisiana.
What is the median home price in Marrero, Louisiana?
The median home price in Marrero, Louisiana is $130,649, lower than the Louisiana average of $170,446.
What is the average home price in Marrero, Louisiana?
The typical home price in Marrero, Louisiana, reported as the median sale price, is $130,649. 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 Marrero, Louisiana?
The median gross rent in Marrero, Louisiana is $1,013 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Marrero in 2020?
In 2020, the median gross rent in Marrero, Louisiana was $839 per month.
What is the price-to-rent ratio in Marrero, Louisiana?
The price-to-rent ratio in Marrero, Louisiana is about 10.8, meaning it would take roughly 10.8 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 Marrero.
Are home prices or rent rising faster in Marrero, Louisiana?
Both home prices and rent are rising in Marrero, up about 3.7% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marrero, Louisiana?
58.8% of households in Marrero, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Marrero, Louisiana?
The housing vacancy rate in Marrero, Louisiana is 10.0%, lower than the Louisiana average of 14.4%.
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