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 | Sabine Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $139,540 | $166,764 | $242,182 |
| Price Trend (Annual %) | -0.4% | 4.5% | 8.2% |
| Median Gross Rent | $664 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sabine Parish is about 16% lower than in Louisiana. Rent is about 36% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Sabine Parish: home prices fell about 0.4% a year while rent rose about 4.5% a year. That is an unusual pattern worth watching.
Median rent in Sabine Parish rose about 34.2% between 2015 and 2023, from $495 to $664. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Sabine Parish.
Buying the median-priced home in Sabine Parish costs roughly 17.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sabine Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Sabine Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $139,540 | $166,764 | $242,182 |
| Median Household Income | $50,663 | $60,029 | $78,145 |
| Price-to-Income Ratio | 2.8 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sabine Parish fell about 34.2%, while median household income rose about 46.1% 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 | Sabine Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.0% | 57.3% | 58.2% |
| Rental Rate | 12.3% | 27.8% | 31.3% |
| Vacancy Rate | 37.7% | 14.8% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Sabine Parish has a homeownership rate of 50.0%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 37.7%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Sabine Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1985 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Sabine Parish was built around 1985. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sabine Parish, Louisiana.
What is the median home price in Sabine Parish, Louisiana?
The median home price in Sabine Parish, Louisiana is $139,540, lower than the Louisiana average of $166,764.
What is the average home price in Sabine 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 Sabine Parish, Louisiana?
The median gross rent in Sabine Parish, Louisiana is $664 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Sabine Parish in 2020?
In 2020, the median gross rent in Sabine Parish, Louisiana was $593 per month.
What is the price-to-rent ratio in Sabine Parish, Louisiana?
The price-to-rent ratio in Sabine Parish, Louisiana is about 17.5, meaning it would take roughly 17.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sabine Parish.
Are home prices or rent rising faster in Sabine Parish, Louisiana?
Home prices and rent are moving in opposite directions in Sabine Parish: home prices fell about 0.4% a year while rent rose about 4.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Sabine Parish, Louisiana?
50.0% of households in Sabine Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Sabine Parish, Louisiana?
The housing vacancy rate in Sabine Parish, Louisiana is 37.7%, higher than the Louisiana average of 14.8%.