Richland Parish, Louisiana Housing Market Prices
Richland 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 47% below the Louisiana median Cheaper than 81% of counties in Louisiana$90,556
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Median rent 15% below the Louisiana median$903
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Richland Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,556 | $170,446 | $248,835 |
| Price Trend (Annual %) | 2.6% | 4.3% | 7.5% |
| Median Gross Rent | $903 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Richland Parish is about 47% lower than in Louisiana. Rent is about 15% 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 Richland Parish, up about 2.6% and 6.8% a year respectively. Rent is changing faster.
Median rent in Richland Parish rose about 70.3% between 2015 and 2024, from $530 to $903. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Richland Parish.
Buying the median-priced home in Richland Parish costs roughly 8.4 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 Richland Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Richland Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,556 | $170,446 | $248,835 |
| Median Household Income | $53,307 | $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 Richland Parish fell about 56.1%, while median household income rose about 37.2% 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 | Richland Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 57.7% | 58.5% |
| Rental Rate | 27.5% | 27.9% | 31.2% |
| Vacancy Rate | 17.1% | 14.4% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Richland Parish has a homeownership rate of 55.4%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 17.1%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Richland Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1982 | 1983 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in Richland Parish was built around 1982. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Richland Parish, LA Housing Compared With Nearby Counties
Richland Parish, LA is the 3rd largest of the 4 counties compared here, 19,819 residents against a local median of 24,551. Richland Parish, LA's median home price, at $90,556, runs 46% below the $169,257 typical of the counties around it.
The counties themselves spread $77,017 on median home price, so Richland Parish, LA sits at one end of an already wide local range rather than apart from it. Richland Parish, LA has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Richland Parish, LA | 19,819 | $90,556 #4/4 | $903 #2/4 | 66.8% #3/4 |
| Ouachita Parish, LA | 158,478 | $169,257 | $958 | 61.0% |
| Morehouse Parish, LA | 24,551 | $159,809 | $838 | 68.6% |
| Caldwell Parish, LA | 9,498 | $236,826 | $829 | 68.9% |
Frequently Asked Questions
Common questions about the housing market in Richland Parish, Louisiana.
What is the median home price in Richland Parish, Louisiana?
The median home price in Richland Parish, Louisiana is $90,556, lower than the Louisiana average of $170,446.
What is the average home price in Richland Parish, Louisiana?
The typical home price in Richland Parish, Louisiana, reported as the median sale price, is $90,556. 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 Richland Parish, Louisiana?
The median gross rent in Richland Parish, Louisiana is $903 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Richland Parish in 2020?
In 2020, the median gross rent in Richland Parish, Louisiana was $644 per month.
What is the price-to-rent ratio in Richland Parish, Louisiana?
The price-to-rent ratio in Richland Parish, Louisiana is about 8.4, meaning it would take roughly 8.4 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 Richland Parish.
Are home prices or rent rising faster in Richland Parish, Louisiana?
Both home prices and rent are rising in Richland Parish, up about 2.6% and 6.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Richland Parish, Louisiana?
55.4% of households in Richland Parish, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Richland Parish, Louisiana?
The housing vacancy rate in Richland Parish, Louisiana is 17.1%, higher than the Louisiana average of 14.4%.
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