Rapides Parish, Louisiana Housing Market Prices
Rapides Parish 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 1% below the Louisiana median$168,749
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Median rent 11% below the Louisiana median$949
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Rapides Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $168,749 | $170,446 | $248,835 |
| Price Trend (Annual %) | 2.6% | 4.3% | 7.5% |
| Median Gross Rent | $949 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rapides Parish is about 1% lower than in Louisiana. Rent is about 11% 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 Rapides Parish, up about 2.6% and 3.0% a year respectively. Rent is changing faster.
Median rent in Rapides Parish rose about 29.6% between 2015 and 2024, from $733 to $949. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Rapides Parish.
Buying the median-priced home in Rapides Parish costs roughly 14.8 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 Rapides Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Rapides Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $168,749 | $170,446 | $248,835 |
| Median Household Income | $55,466 | $60,934 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rapides Parish rose about 39.3%, while median household income rose about 33.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Rapides Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.2% | 57.7% | 58.5% |
| Rental Rate | 29.4% | 27.9% | 31.2% |
| Vacancy Rate | 16.4% | 14.4% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Rapides Parish has a homeownership rate of 54.2%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 16.4%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Rapides Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1981 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Rapides Parish was built around 1981. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Rapides Parish, LA Housing Compared With Nearby Counties
Rapides Parish, LA is the largest of the 5 counties compared here, 127,522 residents against a local median of 22,286. Rapides Parish, LA's median home price, at $168,749, runs 68% above the $100,318 typical of the counties around it.
Median rent tells the same story from another angle: $949 against a local median of $766, 24% above it. The one measure here that carries a verdict is homeownership, and at 15% below the local median it puts Rapides Parish, LA at the weaker end of the local range. The counties themselves spread $207,829 on median home price, so Rapides Parish, LA sits at one end of an already wide local range rather than apart from it. Rapides Parish, LA has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rapides Parish, LA | 127,522 | $168,749 #2/5 | $949 #1/5 | 64.8% #5/5 |
| Grant Parish, LA | 22,095 | $57,171 | $904 | 79.4% |
| Avoyelles Parish, LA | 38,905 | $100,395 | $757 | 70.1% |
| LaSalle Parish, LA | 14,789 | $100,240 | $657 | 80.6% |
| Allen Parish, LA | 22,477 | $265,000 | $775 | 74.0% |
Frequently Asked Questions
Common questions about the housing market in Rapides Parish, Louisiana.
What is the median home price in Rapides Parish, Louisiana?
The median home price in Rapides Parish, Louisiana is $168,749, lower than the Louisiana average of $170,446.
What is the average home price in Rapides Parish, Louisiana?
The typical home price in Rapides Parish, Louisiana, reported as the median sale price, is $168,749. 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 Rapides Parish, Louisiana?
The median gross rent in Rapides Parish, Louisiana is $949 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Rapides Parish in 2020?
In 2020, the median gross rent in Rapides Parish, Louisiana was $825 per month.
What is the price-to-rent ratio in Rapides Parish, Louisiana?
The price-to-rent ratio in Rapides Parish, Louisiana is about 14.8, meaning it would take roughly 14.8 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 Rapides Parish.
Are home prices or rent rising faster in Rapides Parish, Louisiana?
Both home prices and rent are rising in Rapides Parish, up about 2.6% and 3.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Rapides Parish, Louisiana?
54.2% of households in Rapides Parish, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Rapides Parish, Louisiana?
The housing vacancy rate in Rapides Parish, Louisiana is 16.4%, higher than the Louisiana average of 14.4%.
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