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. Tammany Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,130 | $166,764 | $242,182 |
| Price Trend (Annual %) | 7.0% | 4.5% | 8.2% |
| Median Gross Rent | $1,305 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in St. Tammany Parish is about 38% higher than in Louisiana. Rent is about 26% 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. Tammany Parish, up about 7.0% and 3.9% a year respectively. Home prices are changing faster.
Median rent in St. Tammany Parish rose about 32.7% between 2015 and 2023, from $983 to $1,305. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in St. Tammany Parish.
Buying the median-priced home in St. Tammany Parish costs roughly 14.7 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. Tammany Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | St. Tammany Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,130 | $166,764 | $242,182 |
| Median Household Income | $79,900 | $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. Tammany Parish rose about 51.2%, while median household income rose about 34.0% 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. Tammany Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.4% | 57.3% | 58.2% |
| Rental Rate | 19.5% | 27.8% | 31.3% |
| Vacancy Rate | 8.1% | 14.8% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
St. Tammany Parish has a homeownership rate of 72.4%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 8.1%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | St. Tammany Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1994 | 1982 | 1978 |
| Median Number of Rooms | 6.2 | 5.5 | 5.5 |
The typical housing unit in St. Tammany Parish was built around 1994. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in St. Tammany Parish, Louisiana.
What is the median home price in St. Tammany Parish, Louisiana?
The median home price in St. Tammany Parish, Louisiana is $230,130, higher than the Louisiana average of $166,764.
What is the average home price in St. Tammany 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. Tammany Parish, Louisiana?
The median gross rent in St. Tammany Parish, Louisiana is $1,305 per month, higher than the Louisiana average of $1,038.
What was the median gross rent in St. Tammany Parish in 2020?
In 2020, the median gross rent in St. Tammany Parish, Louisiana was $1,142 per month.
What is the price-to-rent ratio in St. Tammany Parish, Louisiana?
The price-to-rent ratio in St. Tammany Parish, Louisiana is about 14.7, meaning it would take roughly 14.7 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. Tammany Parish.
Are home prices or rent rising faster in St. Tammany Parish, Louisiana?
Both home prices and rent are rising in St. Tammany Parish, up about 7.0% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in St. Tammany Parish, Louisiana?
72.4% of households in St. Tammany Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in St. Tammany Parish, Louisiana?
The housing vacancy rate in St. Tammany Parish, Louisiana is 8.1%, lower than the Louisiana average of 14.8%.