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 | Natchitoches Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,108 | $166,764 | $242,182 |
| Price Trend (Annual %) | -1.4% | 4.5% | 8.2% |
| Median Gross Rent | $766 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.0% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Natchitoches Parish is about 28% lower than in Louisiana. Rent is about 26% lower 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 Natchitoches Parish: home prices fell about 1.4% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
Median rent in Natchitoches Parish rose about 24.9% between 2015 and 2023, from $614 to $766. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Natchitoches Parish.
Buying the median-priced home in Natchitoches Parish costs roughly 13.1 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 Natchitoches Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Natchitoches Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,108 | $166,764 | $242,182 |
| Median Household Income | $47,503 | $60,029 | $78,145 |
| Price-to-Income Ratio | 2.5 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Natchitoches Parish fell about 10.1%, while median household income rose about 64.9% 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 | Natchitoches Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.1% | 57.3% | 58.2% |
| Rental Rate | 28.5% | 27.8% | 31.3% |
| Vacancy Rate | 24.4% | 14.8% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Natchitoches Parish has a homeownership rate of 47.1%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 24.4%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Natchitoches Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1983 | 1982 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Natchitoches Parish was built around 1983. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Natchitoches Parish, Louisiana.
What is the median home price in Natchitoches Parish, Louisiana?
The median home price in Natchitoches Parish, Louisiana is $120,108, lower than the Louisiana average of $166,764.
What is the average home price in Natchitoches 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 Natchitoches Parish, Louisiana?
The median gross rent in Natchitoches Parish, Louisiana is $766 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Natchitoches Parish in 2020?
In 2020, the median gross rent in Natchitoches Parish, Louisiana was $725 per month.
What is the price-to-rent ratio in Natchitoches Parish, Louisiana?
The price-to-rent ratio in Natchitoches Parish, Louisiana is about 13.1, meaning it would take roughly 13.1 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 Natchitoches Parish.
Are home prices or rent rising faster in Natchitoches Parish, Louisiana?
Home prices and rent are moving in opposite directions in Natchitoches Parish: home prices fell about 1.4% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Natchitoches Parish, Louisiana?
47.1% of households in Natchitoches Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Natchitoches Parish, Louisiana?
The housing vacancy rate in Natchitoches Parish, Louisiana is 24.4%, higher than the Louisiana average of 14.8%.