New Iberia, Louisiana Housing Market Prices
New Iberia 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 53% below the Louisiana median$80,114
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Median rent 21% below the Louisiana median$841
Housing Market Overview
| Metric | New Iberia | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $80,114 | $170,446 | $248,835 |
| Price Trend (Annual %) | 7.8% | 4.3% | 7.5% |
| Median Gross Rent | $841 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in New Iberia is about 53% lower than in Louisiana. Rent is about 21% 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 New Iberia, up about 7.8% and 2.6% a year respectively. Home prices are changing faster.
Median rent in New Iberia rose about 25.5% between 2015 and 2024, from $670 to $841. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in New Iberia.
Buying the median-priced home in New Iberia costs roughly 7.9 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 New Iberia. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | New Iberia | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $80,114 | $170,446 | $248,835 |
| Median Household Income | $46,442 | $60,934 | $80,455 |
| Price-to-Income Ratio | 1.7 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in New Iberia fell about 30.6%, while median household income rose about 46.2% between 2009 and 2025 — 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 | New Iberia | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.1% | 57.7% | 58.5% |
| Rental Rate | 41.0% | 27.9% | 31.2% |
| Vacancy Rate | 16.9% | 14.4% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
New Iberia has a homeownership rate of 42.1%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 16.9%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | New Iberia | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1973 | 1983 | 1978 |
| Median Number of Rooms | 5.1 | 5.5 | 5.5 |
The typical housing unit in New Iberia was built around 1973. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in New Iberia, Louisiana.
What is the median home price in New Iberia, Louisiana?
The median home price in New Iberia, Louisiana is $80,114, lower than the Louisiana average of $170,446.
What is the average home price in New Iberia, Louisiana?
The typical home price in New Iberia, Louisiana, reported as the median sale price, is $80,114. 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 New Iberia, Louisiana?
The median gross rent in New Iberia, Louisiana is $841 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in New Iberia in 2020?
In 2020, the median gross rent in New Iberia, Louisiana was $767 per month.
What is the price-to-rent ratio in New Iberia, Louisiana?
The price-to-rent ratio in New Iberia, Louisiana is about 7.9, meaning it would take roughly 7.9 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 New Iberia.
Are home prices or rent rising faster in New Iberia, Louisiana?
Both home prices and rent are rising in New Iberia, up about 7.8% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in New Iberia, Louisiana?
42.1% of households in New Iberia, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in New Iberia, Louisiana?
The housing vacancy rate in New Iberia, Louisiana is 16.9%, higher than the Louisiana average of 14.4%.
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