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 | Tensas Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $416,071 | $166,764 | $242,182 |
| Price Trend (Annual %) | 19.8% | 4.5% | 8.2% |
| Median Gross Rent | $612 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tensas Parish is about 149% higher than in Louisiana. Rent is about 41% 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 Tensas Parish, up about 19.8% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Tensas Parish rose about 41.3% between 2015 and 2023, from $433 to $612. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 11.4 yearly household incomes in Tensas Parish.
Buying the median-priced home in Tensas Parish costs roughly 56.6 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 Tensas Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Tensas Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $416,071 | $166,764 | $242,182 |
| Median Household Income | $36,373 | $60,029 | $78,145 |
| Price-to-Income Ratio | 11.4 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Tensas Parish rose about 257.4%, while median household income rose about 19.5% 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 | Tensas Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.4% | 57.3% | 58.2% |
| Rental Rate | 17.7% | 27.8% | 31.3% |
| Vacancy Rate | 41.9% | 14.8% | 10.6% |
| Median Tenure (years) | 20.0 | 16.0 | 15.0 |
| Median Year Moved In | 2006 | 2010 | 2011 |
Tensas Parish has a homeownership rate of 40.4%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 41.9%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Tensas Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1980 | 1982 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Tensas Parish was built around 1980. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tensas Parish, Louisiana.
What is the median home price in Tensas Parish, Louisiana?
The median home price in Tensas Parish, Louisiana is $416,071, higher than the Louisiana average of $166,764.
What is the average home price in Tensas 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 Tensas Parish, Louisiana?
The median gross rent in Tensas Parish, Louisiana is $612 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Tensas Parish in 2020?
In 2020, the median gross rent in Tensas Parish, Louisiana was $582 per month.
What is the price-to-rent ratio in Tensas Parish, Louisiana?
The price-to-rent ratio in Tensas Parish, Louisiana is about 56.6, meaning it would take roughly 56.6 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 Tensas Parish.
Are home prices or rent rising faster in Tensas Parish, Louisiana?
Both home prices and rent are rising in Tensas Parish, up about 19.8% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tensas Parish, Louisiana?
40.4% of households in Tensas Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Tensas Parish, Louisiana?
The housing vacancy rate in Tensas Parish, Louisiana is 41.9%, higher than the Louisiana average of 14.8%.