St. Mary Parish, Louisiana Housing Market Prices
St. Mary 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 25% above the Louisiana median More expensive than 73% of counties in Louisiana$213,709
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Median rent 20% below the Louisiana median$847
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | St. Mary Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,709 | $170,446 | $248,835 |
| Price Trend (Annual %) | 7.0% | 4.3% | 7.5% |
| Median Gross Rent | $847 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Mary Parish is about 25% higher than in Louisiana. Rent is about 20% 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 St. Mary Parish, up about 7.0% and 2.7% a year respectively. Home prices are changing faster.
Median rent in St. Mary Parish rose about 25.9% between 2015 and 2024, from $673 to $847. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in St. Mary Parish.
Buying the median-priced home in St. Mary Parish costs roughly 21.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in St. Mary Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | St. Mary Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,709 | $170,446 | $248,835 |
| Median Household Income | $53,303 | $60,934 | $80,455 |
| Price-to-Income Ratio | 4.0 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in St. Mary Parish rose about 51.2%, while median household income rose about 28.7% 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 | St. Mary Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 57.7% | 58.5% |
| Rental Rate | 25.7% | 27.9% | 31.2% |
| Vacancy Rate | 18.0% | 14.4% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
St. Mary Parish has a homeownership rate of 56.3%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 18.0%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | St. Mary Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1976 | 1983 | 1978 |
| Median Number of Rooms | 5.2 | 5.5 | 5.5 |
The typical housing unit in St. Mary Parish was built around 1976. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 19.0 years on average.
St. Mary Parish, LA Housing Compared With Nearby Counties
St. Mary Parish, LA is typical in size for this group, 47,828 residents against a local median of 51,353, so the measures below are close to a like for like comparison. Where St. Mary Parish, LA breaks from the counties next to it is median home price, sitting 55% above the local median of $137,826 at $213,709.
The counties themselves spread $129,874 on median home price, so St. Mary Parish, LA sits at one end of an already wide local range rather than apart from it. St. Mary Parish, LA has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| St. Mary Parish, LA | 47,828 | $213,709 #1/6 | $847 #4/6 | 68.6% #5/6 |
| Iberia Parish, LA | 68,630 | $154,658 | $896 | 67.3% |
| Assumption Parish, LA | 20,480 | $116,945 | $810 | 84.8% |
| St. Martin Parish, LA | 51,353 | $72,210 | $869 | 77.7% |
| Iberville Parish, LA | 29,819 | $137,826 | $827 | 75.1% |
| Terrebonne Parish, LA | 106,185 | $202,083 | $1,065 | 75.3% |
Frequently Asked Questions
Common questions about the housing market in St. Mary Parish, Louisiana.
What is the median home price in St. Mary Parish, Louisiana?
The median home price in St. Mary Parish, Louisiana is $213,709, higher than the Louisiana average of $170,446.
What is the average home price in St. Mary Parish, Louisiana?
The typical home price in St. Mary Parish, Louisiana, reported as the median sale price, is $213,709. 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. Mary Parish, Louisiana?
The median gross rent in St. Mary Parish, Louisiana is $847 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in St. Mary Parish in 2020?
In 2020, the median gross rent in St. Mary Parish, Louisiana was $783 per month.
What is the price-to-rent ratio in St. Mary Parish, Louisiana?
The price-to-rent ratio in St. Mary Parish, Louisiana is about 21.0, meaning it would take roughly 21.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in St. Mary Parish.
Are home prices or rent rising faster in St. Mary Parish, Louisiana?
Both home prices and rent are rising in St. Mary Parish, up about 7.0% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Mary Parish, Louisiana?
56.3% of households in St. Mary Parish, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in St. Mary Parish, Louisiana?
The housing vacancy rate in St. Mary Parish, Louisiana is 18.0%, higher than the Louisiana average of 14.4%.
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