Prairieville, Louisiana Housing Market Prices
Prairieville 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 About the same as the Louisiana median$170,624
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Median rent 31% above the Louisiana median$1,393
Housing Market Overview
| Metric | Prairieville | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $170,624 | $170,446 | $248,835 |
| Price Trend (Annual %) | 26.7% | 4.3% | 7.5% |
| Median Gross Rent | $1,393 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Prairieville is about the same as in Louisiana. Rent is about 31% higher 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 Prairieville, up about 26.7% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Prairieville rose about 42.8% between 2015 and 2024, from $976 to $1,393. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Prairieville.
Buying the median-priced home in Prairieville costs roughly 10.2 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 Prairieville. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Prairieville | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $170,624 | $170,446 | $248,835 |
| Median Household Income | $106,880 | $60,934 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Prairieville fell about 62.1%, while median household income rose about 44.1% 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 | Prairieville | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.8% | 57.7% | 58.5% |
| Rental Rate | 15.0% | 27.9% | 31.2% |
| Vacancy Rate | 4.2% | 14.4% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Prairieville has a homeownership rate of 80.8%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 4.2%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Prairieville | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 2002 | 1983 | 1978 |
| Median Number of Rooms | 6.0 | 5.5 | 5.5 |
The typical housing unit in Prairieville was built around 2002. On average, 2.8 people live in a home with about 6.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Prairieville, Louisiana.
What is the median home price in Prairieville, Louisiana?
The median home price in Prairieville, Louisiana is $170,624, about the same as the Louisiana average.
What is the average home price in Prairieville, Louisiana?
The typical home price in Prairieville, Louisiana, reported as the median sale price, is $170,624. 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 Prairieville, Louisiana?
The median gross rent in Prairieville, Louisiana is $1,393 per month, higher than the Louisiana average of $1,063.
What was the median gross rent in Prairieville in 2020?
In 2020, the median gross rent in Prairieville, Louisiana was $1,175 per month.
What is the price-to-rent ratio in Prairieville, Louisiana?
The price-to-rent ratio in Prairieville, Louisiana is about 10.2, meaning it would take roughly 10.2 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 Prairieville.
Are home prices or rent rising faster in Prairieville, Louisiana?
Both home prices and rent are rising in Prairieville, up about 26.7% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Prairieville, Louisiana?
80.8% of households in Prairieville, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Prairieville, Louisiana?
The housing vacancy rate in Prairieville, Louisiana is 4.2%, lower than the Louisiana average of 14.4%.
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