Vermilion Parish, Louisiana Housing Market Prices
Vermilion 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 85% below the Louisiana median Among the top 5 cheapest counties in Louisiana$24,797
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Median rent 20% below the Louisiana median$847
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Vermilion Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,797 | $170,446 | $248,835 |
| Price Trend (Annual %) | -7.3% | 4.3% | 7.5% |
| Median Gross Rent | $847 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vermilion Parish is about 85% lower 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
Home prices and rent are moving in opposite directions in Vermilion Parish: home prices fell about 7.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Vermilion Parish rose about 34.5% between 2015 and 2024, from $630 to $847. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Vermilion Parish.
Buying the median-priced home in Vermilion Parish costs roughly 2.4 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 Vermilion Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Vermilion Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,797 | $170,446 | $248,835 |
| Median Household Income | $56,434 | $60,934 | $80,455 |
| Price-to-Income Ratio | 0.4 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vermilion Parish fell about 77.5%, while median household income rose about 33.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Vermilion Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.2% | 57.7% | 58.5% |
| Rental Rate | 22.2% | 27.9% | 31.2% |
| Vacancy Rate | 16.6% | 14.4% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Vermilion Parish has a homeownership rate of 61.2%, higher than the Louisiana average of 57.7%. Its housing vacancy rate is 16.6%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Vermilion Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Vermilion Parish was built around 1986. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Vermilion Parish, LA Housing Compared With Nearby Counties
Vermilion Parish, LA is the 3rd largest of the 4 counties compared here, 57,123 residents against a local median of 68,630. Where Vermilion Parish, LA breaks from the counties next to it is median home price, sitting 84% below the local median of $154,658 at $24,797.
The counties themselves spread $169,003 on median home price, so Vermilion Parish, LA sits at one end of an already wide local range rather than apart from it. Vermilion Parish, LA has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vermilion Parish, LA | 57,123 | $24,797 #4/4 | $847 #4/4 | 73.4% #2/4 |
| Lafayette Parish, LA | 247,982 | $241,213 | $1,056 | 65.5% |
| Iberia Parish, LA | 68,630 | $154,658 | $896 | 67.3% |
| St. Martin Parish, LA | 51,353 | $72,210 | $869 | 77.7% |
Frequently Asked Questions
Common questions about the housing market in Vermilion Parish, Louisiana.
What is the median home price in Vermilion Parish, Louisiana?
The median home price in Vermilion Parish, Louisiana is $24,797, lower than the Louisiana average of $170,446.
What is the average home price in Vermilion Parish, Louisiana?
The typical home price in Vermilion Parish, Louisiana, reported as the median sale price, is $24,797. 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 Vermilion Parish, Louisiana?
The median gross rent in Vermilion Parish, Louisiana is $847 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Vermilion Parish in 2020?
In 2020, the median gross rent in Vermilion Parish, Louisiana was $675 per month.
What is the price-to-rent ratio in Vermilion Parish, Louisiana?
The price-to-rent ratio in Vermilion Parish, Louisiana is about 2.4, meaning it would take roughly 2.4 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 Vermilion Parish.
Are home prices or rent rising faster in Vermilion Parish, Louisiana?
Home prices and rent are moving in opposite directions in Vermilion Parish: home prices fell about 7.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Vermilion Parish, Louisiana?
61.2% of households in Vermilion Parish, Louisiana own their home, higher than the Louisiana average of 57.7%.
What is the vacancy rate in Vermilion Parish, Louisiana?
The housing vacancy rate in Vermilion Parish, Louisiana is 16.6%, higher than the Louisiana average of 14.4%.
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