Union Parish, Louisiana Housing Market Prices
Union 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 50% below the Louisiana median Cheaper than 84% of counties in Louisiana$85,426
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Median rent 27% below the Louisiana median$777
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Union Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,426 | $170,446 | $248,835 |
| Price Trend (Annual %) | 28.3% | 4.3% | 7.5% |
| Median Gross Rent | $777 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Union Parish is about 50% lower than in Louisiana. Rent is about 27% 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 Union Parish, up about 28.3% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Union Parish rose about 53.7% between 2015 and 2024, from $506 to $777. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Union Parish.
Buying the median-priced home in Union Parish costs roughly 9.2 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 Union Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Union Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,426 | $170,446 | $248,835 |
| Median Household Income | $42,659 | $60,934 | $80,455 |
| Price-to-Income Ratio | 2.0 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Union Parish rose about 76.1%, while median household income rose about 23.3% 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 | Union Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.5% | 57.7% | 58.5% |
| Rental Rate | 18.1% | 27.9% | 31.2% |
| Vacancy Rate | 18.4% | 14.4% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Union Parish has a homeownership rate of 63.5%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 18.4%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Union Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1989 | 1983 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Union Parish was built around 1989. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Union Parish, LA Housing Compared With Nearby Counties
Union Parish, LA is the smallest of the 5 counties compared here, 20,797 residents against a local median of 43,035. Union Parish, LA's median home price, at $85,426, runs 48% below the $164,533 typical of the counties around it.
Homeownership tells the same story from another angle: 77.8% against a local median of 64.8%, 20% above it. The one measure here that carries a verdict is homeownership, and at 20% above the local median it puts Union Parish, LA at the better end of the local range. The counties themselves spread $495,638 on median home price, so Union Parish, LA sits at one end of an already wide local range rather than apart from it. Union Parish, LA has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Union Parish, LA | 20,797 | $85,426 #4/5 | $777 #5/5 | 77.8% #1/5 |
| Lincoln Parish, LA | 48,172 | $520,100 | $824 | 53.8% |
| Union County, AR | 37,897 | $24,462 | $846 | 72.7% |
| Ouachita Parish, LA | 158,478 | $169,257 | $958 | 61.0% |
| Morehouse Parish, LA | 24,551 | $159,809 | $838 | 68.6% |
Frequently Asked Questions
Common questions about the housing market in Union Parish, Louisiana.
What is the median home price in Union Parish, Louisiana?
The median home price in Union Parish, Louisiana is $85,426, lower than the Louisiana average of $170,446.
What is the average home price in Union Parish, Louisiana?
The typical home price in Union Parish, Louisiana, reported as the median sale price, is $85,426. 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 Union Parish, Louisiana?
The median gross rent in Union Parish, Louisiana is $777 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Union Parish in 2020?
In 2020, the median gross rent in Union Parish, Louisiana was $559 per month.
What is the price-to-rent ratio in Union Parish, Louisiana?
The price-to-rent ratio in Union Parish, Louisiana is about 9.2, meaning it would take roughly 9.2 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 Union Parish.
Are home prices or rent rising faster in Union Parish, Louisiana?
Both home prices and rent are rising in Union Parish, up about 28.3% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Union Parish, Louisiana?
63.5% of households in Union Parish, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Union Parish, Louisiana?
The housing vacancy rate in Union Parish, Louisiana is 18.4%, higher than the Louisiana average of 14.4%.
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