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 | Pointe Coupee Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,503 | $166,764 | $242,182 |
| Price Trend (Annual %) | 9.7% | 4.5% | 8.2% |
| Median Gross Rent | $794 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pointe Coupee Parish is about 48% lower than in Louisiana. Rent is about 24% lower 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 Pointe Coupee Parish, up about 9.7% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Pointe Coupee Parish rose about 40.2% between 2015 and 2023, from $566 to $794. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Pointe Coupee Parish.
Buying the median-priced home in Pointe Coupee Parish costs roughly 9.2 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 Pointe Coupee Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Pointe Coupee Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,503 | $166,764 | $242,182 |
| Median Household Income | $59,444 | $60,029 | $78,145 |
| Price-to-Income Ratio | 1.5 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pointe Coupee Parish rose about 34.9%, while median household income rose about 60.6% 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 | Pointe Coupee Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.5% | 57.3% | 58.2% |
| Rental Rate | 16.7% | 27.8% | 31.3% |
| Vacancy Rate | 25.7% | 14.8% | 10.6% |
| Median Tenure (years) | 20.0 | 16.0 | 15.0 |
| Median Year Moved In | 2006 | 2010 | 2011 |
Pointe Coupee Parish has a homeownership rate of 57.5%, about the same as the Louisiana average of 57.3%. Its housing vacancy rate is 25.7%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Pointe Coupee Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1985 | 1982 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Pointe Coupee Parish was built around 1985. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pointe Coupee Parish, Louisiana.
What is the median home price in Pointe Coupee Parish, Louisiana?
The median home price in Pointe Coupee Parish, Louisiana is $87,503, lower than the Louisiana average of $166,764.
What is the average home price in Pointe Coupee 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 Pointe Coupee Parish, Louisiana?
The median gross rent in Pointe Coupee Parish, Louisiana is $794 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Pointe Coupee Parish in 2020?
In 2020, the median gross rent in Pointe Coupee Parish, Louisiana was $834 per month.
What is the price-to-rent ratio in Pointe Coupee Parish, Louisiana?
The price-to-rent ratio in Pointe Coupee Parish, Louisiana is about 9.2, meaning it would take roughly 9.2 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 Pointe Coupee Parish.
Are home prices or rent rising faster in Pointe Coupee Parish, Louisiana?
Both home prices and rent are rising in Pointe Coupee Parish, up about 9.7% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pointe Coupee Parish, Louisiana?
57.5% of households in Pointe Coupee Parish, Louisiana own their home, about the same as the Louisiana average.
What is the vacancy rate in Pointe Coupee Parish, Louisiana?
The housing vacancy rate in Pointe Coupee Parish, Louisiana is 25.7%, higher than the Louisiana average of 14.8%.