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. Landry Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $130,147 | $166,764 | $242,182 |
| Price Trend (Annual %) | 9.1% | 4.5% | 8.2% |
| Median Gross Rent | $741 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Landry Parish is about 22% lower than in Louisiana. Rent is about 29% lower 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. Landry Parish, up about 9.1% and 3.1% a year respectively. Home prices are changing faster.
Median rent in St. Landry Parish rose about 25.1% between 2015 and 2023, from $592 to $741. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in St. Landry Parish.
Buying the median-priced home in St. Landry Parish costs roughly 14.6 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 St. Landry Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | St. Landry Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $130,147 | $166,764 | $242,182 |
| Median Household Income | $45,627 | $60,029 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in St. Landry Parish rose about 77.1%, while median household income rose about 60.4% 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. Landry Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 57.3% | 58.2% |
| Rental Rate | 25.6% | 27.8% | 31.3% |
| Vacancy Rate | 14.5% | 14.8% | 10.6% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
St. Landry Parish has a homeownership rate of 59.9%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 14.5%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | St. Landry Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1982 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in St. Landry Parish was built around 1982. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Landry Parish, Louisiana.
What is the median home price in St. Landry Parish, Louisiana?
The median home price in St. Landry Parish, Louisiana is $130,147, lower than the Louisiana average of $166,764.
What is the average home price in St. Landry 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. Landry Parish, Louisiana?
The median gross rent in St. Landry Parish, Louisiana is $741 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in St. Landry Parish in 2020?
In 2020, the median gross rent in St. Landry Parish, Louisiana was $621 per month.
What is the price-to-rent ratio in St. Landry Parish, Louisiana?
The price-to-rent ratio in St. Landry Parish, Louisiana is about 14.6, meaning it would take roughly 14.6 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 St. Landry Parish.
Are home prices or rent rising faster in St. Landry Parish, Louisiana?
Both home prices and rent are rising in St. Landry Parish, up about 9.1% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Landry Parish, Louisiana?
59.9% of households in St. Landry Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in St. Landry Parish, Louisiana?
The housing vacancy rate in St. Landry Parish, Louisiana is 14.5%, lower than the Louisiana average of 14.8%.