Terrytown, Louisiana Housing Market Prices
Terrytown 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 20% above the Louisiana median$204,404
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Median rent 7% above the Louisiana median$1,138
Housing Market Overview
| Metric | Terrytown | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $204,404 | $170,446 | $248,835 |
| Price Trend (Annual %) | 95.3% | 4.3% | 7.5% |
| Median Gross Rent | $1,138 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Terrytown is about 20% higher than in Louisiana. Rent is about 7% higher 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 Terrytown, up about 95.3% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Terrytown rose about 21.8% between 2015 and 2024, from $935 to $1,138. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Terrytown.
Buying the median-priced home in Terrytown costs roughly 15.0 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 Terrytown. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Terrytown | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $204,404 | $170,446 | $248,835 |
| Median Household Income | $53,196 | $60,934 | $80,455 |
| Price-to-Income Ratio | 3.8 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Terrytown rose about 57.1%, while median household income rose about 18.5% 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 | Terrytown | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.2% | 57.7% | 58.5% |
| Rental Rate | 46.1% | 27.9% | 31.2% |
| Vacancy Rate | 6.7% | 14.4% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Terrytown has a homeownership rate of 47.2%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 6.7%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Terrytown | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1977 | 1983 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Terrytown was built around 1977. On average, 2.7 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Terrytown, Louisiana.
What is the median home price in Terrytown, Louisiana?
The median home price in Terrytown, Louisiana is $204,404, higher than the Louisiana average of $170,446.
What is the average home price in Terrytown, Louisiana?
The typical home price in Terrytown, Louisiana, reported as the median sale price, is $204,404. 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 Terrytown, Louisiana?
The median gross rent in Terrytown, Louisiana is $1,138 per month, higher than the Louisiana average of $1,063.
What was the median gross rent in Terrytown in 2020?
In 2020, the median gross rent in Terrytown, Louisiana was $973 per month.
What is the price-to-rent ratio in Terrytown, Louisiana?
The price-to-rent ratio in Terrytown, Louisiana is about 15.0, meaning it would take roughly 15.0 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 Terrytown.
Are home prices or rent rising faster in Terrytown, Louisiana?
Both home prices and rent are rising in Terrytown, up about 95.3% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Terrytown, Louisiana?
47.2% of households in Terrytown, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Terrytown, Louisiana?
The housing vacancy rate in Terrytown, Louisiana is 6.7%, lower than the Louisiana average of 14.4%.
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