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 | Plaquemines Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,909 | $166,764 | $242,182 |
| Price Trend (Annual %) | 9.2% | 4.5% | 8.2% |
| Median Gross Rent | $1,610 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 7.1% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Plaquemines Parish is about 59% higher than in Louisiana. Rent is about 55% higher than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Plaquemines Parish, up about 9.2% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Plaquemines Parish rose about 64.1% between 2015 and 2023, from $981 to $1,610. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Plaquemines Parish.
Buying the median-priced home in Plaquemines Parish costs roughly 13.8 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 Plaquemines Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Plaquemines Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $265,909 | $166,764 | $242,182 |
| Median Household Income | $84,493 | $60,029 | $78,145 |
| Price-to-Income Ratio | 3.1 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Plaquemines Parish fell about 13.8%, while median household income rose about 65.0% 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 | Plaquemines Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.9% | 57.3% | 58.2% |
| Rental Rate | 22.3% | 27.8% | 31.3% |
| Vacancy Rate | 14.8% | 14.8% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Plaquemines Parish has a homeownership rate of 62.9%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 14.8%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Plaquemines Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1976 | 1982 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Plaquemines Parish was built around 1976. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Plaquemines Parish, Louisiana.
What is the median home price in Plaquemines Parish, Louisiana?
The median home price in Plaquemines Parish, Louisiana is $265,909, higher than the Louisiana average of $166,764.
What is the average home price in Plaquemines 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 Plaquemines Parish, Louisiana?
The median gross rent in Plaquemines Parish, Louisiana is $1,610 per month, higher than the Louisiana average of $1,038.
What was the median gross rent in Plaquemines Parish in 2020?
In 2020, the median gross rent in Plaquemines Parish, Louisiana was $1,312 per month.
What is the price-to-rent ratio in Plaquemines Parish, Louisiana?
The price-to-rent ratio in Plaquemines Parish, Louisiana is about 13.8, meaning it would take roughly 13.8 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 Plaquemines Parish.
Are home prices or rent rising faster in Plaquemines Parish, Louisiana?
Both home prices and rent are rising in Plaquemines Parish, up about 9.2% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Plaquemines Parish, Louisiana?
62.9% of households in Plaquemines Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in Plaquemines Parish, Louisiana?
The housing vacancy rate in Plaquemines Parish, Louisiana is 14.8%, about the same as the Louisiana average.