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 | St. Bernard Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $250,806 | $166,764 | $242,182 |
| Price Trend (Annual %) | 12.2% | 4.5% | 8.2% |
| Median Gross Rent | $1,082 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Bernard Parish is about 50% higher than in Louisiana. Rent is about 4% higher 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 St. Bernard Parish, up about 12.2% and 3.5% a year respectively. Home prices are changing faster.
Median rent in St. Bernard Parish rose about 28.9% between 2015 and 2023, from $840 to $1,082. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in St. Bernard Parish.
Buying the median-priced home in St. Bernard Parish costs roughly 19.3 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 St. Bernard Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | St. Bernard Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $250,806 | $166,764 | $242,182 |
| Median Household Income | $57,436 | $60,029 | $78,145 |
| Price-to-Income Ratio | 4.4 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in St. Bernard Parish rose about 87.8%, while median household income rose about 51.7% between 2009 and 2023 — 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 | St. Bernard Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.6% | 57.3% | 58.2% |
| Rental Rate | 26.2% | 27.8% | 31.3% |
| Vacancy Rate | 12.2% | 14.8% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
St. Bernard Parish has a homeownership rate of 61.6%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 12.2%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | St. Bernard Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1973 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in St. Bernard Parish was built around 1973. On average, 2.8 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Bernard Parish, Louisiana.
What is the median home price in St. Bernard Parish, Louisiana?
The median home price in St. Bernard Parish, Louisiana is $250,806, higher than the Louisiana average of $166,764.
What is the average home price in St. Bernard 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 St. Bernard Parish, Louisiana?
The median gross rent in St. Bernard Parish, Louisiana is $1,082 per month, higher than the Louisiana average of $1,038.
What was the median gross rent in St. Bernard Parish in 2020?
In 2020, the median gross rent in St. Bernard Parish, Louisiana was $952 per month.
What is the price-to-rent ratio in St. Bernard Parish, Louisiana?
The price-to-rent ratio in St. Bernard Parish, Louisiana is about 19.3, meaning it would take roughly 19.3 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 St. Bernard Parish.
Are home prices or rent rising faster in St. Bernard Parish, Louisiana?
Both home prices and rent are rising in St. Bernard Parish, up about 12.2% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Bernard Parish, Louisiana?
61.6% of households in St. Bernard Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in St. Bernard Parish, Louisiana?
The housing vacancy rate in St. Bernard Parish, Louisiana is 12.2%, lower than the Louisiana average of 14.8%.