Vernon Parish, Louisiana Housing Market Prices
Vernon 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 14% below the Louisiana median$145,815
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Median rent About the same as the Louisiana median More expensive than 79% of counties in Louisiana$1,067
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Vernon Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $145,815 | $170,446 | $248,835 |
| Price Trend (Annual %) | 4.2% | 4.3% | 7.5% |
| Median Gross Rent | $1,067 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 1.7% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vernon Parish is about 14% lower than in Louisiana. Rent follows a similar pattern, running close to 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 Vernon Parish, up about 4.2% and 1.7% a year respectively. Home prices are changing faster.
Median rent in Vernon Parish rose about 17.0% between 2015 and 2024, from $912 to $1,067. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Vernon Parish.
Buying the median-priced home in Vernon Parish costs roughly 11.4 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 Vernon Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Vernon Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $145,815 | $170,446 | $248,835 |
| Median Household Income | $56,995 | $60,934 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vernon Parish rose about 63.2%, while median household income rose about 33.4% 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 | Vernon Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.3% | 57.7% | 58.5% |
| Rental Rate | 36.3% | 27.9% | 31.2% |
| Vacancy Rate | 17.4% | 14.4% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Vernon Parish has a homeownership rate of 46.3%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 17.4%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Vernon Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1989 | 1983 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Vernon Parish was built around 1989. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Vernon Parish, LA Housing Compared With Nearby Counties
How Vernon Parish, LA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vernon Parish, LA | 47,107 | $145,815 #3/3 | $1,067 #1/3 | 56.0% #3/3 |
| Allen Parish, LA | 22,477 | $265,000 | $775 | 74.0% |
| Sabine Parish, LA | 21,977 | $147,341 | $701 | 80.2% |
Frequently Asked Questions
Common questions about the housing market in Vernon Parish, Louisiana.
What is the median home price in Vernon Parish, Louisiana?
The median home price in Vernon Parish, Louisiana is $145,815, lower than the Louisiana average of $170,446.
What is the average home price in Vernon Parish, Louisiana?
The typical home price in Vernon Parish, Louisiana, reported as the median sale price, is $145,815. 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 Vernon Parish, Louisiana?
The median gross rent in Vernon Parish, Louisiana is $1,067 per month, about the same as the Louisiana average.
What was the median gross rent in Vernon Parish in 2020?
In 2020, the median gross rent in Vernon Parish, Louisiana was $921 per month.
What is the price-to-rent ratio in Vernon Parish, Louisiana?
The price-to-rent ratio in Vernon Parish, Louisiana is about 11.4, meaning it would take roughly 11.4 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 Vernon Parish.
Are home prices or rent rising faster in Vernon Parish, Louisiana?
Both home prices and rent are rising in Vernon Parish, up about 4.2% and 1.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Vernon Parish, Louisiana?
46.3% of households in Vernon Parish, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Vernon Parish, Louisiana?
The housing vacancy rate in Vernon Parish, Louisiana is 17.4%, higher than the Louisiana average of 14.4%.
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