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 | Webster Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $121,056 | $166,764 | $242,182 |
| Price Trend (Annual %) | 20.9% | 4.5% | 8.2% |
| Median Gross Rent | $777 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Webster Parish is about 27% lower than in Louisiana. Rent is about 25% 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 Webster Parish, up about 20.9% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Webster Parish rose about 30.4% between 2015 and 2023, from $596 to $777. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Webster Parish.
Buying the median-priced home in Webster Parish costs roughly 13.0 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 Webster Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Webster Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $121,056 | $166,764 | $242,182 |
| Median Household Income | $37,699 | $60,029 | $78,145 |
| Price-to-Income Ratio | 3.2 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Webster Parish rose about 147.2%, while median household income rose about 7.4% 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 | Webster Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.9% | 57.3% | 58.2% |
| Rental Rate | 25.6% | 27.8% | 31.3% |
| Vacancy Rate | 19.5% | 14.8% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Webster Parish has a homeownership rate of 54.9%, lower than the Louisiana average of 57.3%. Its housing vacancy rate is 19.5%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | Webster Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1977 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Webster Parish was built around 1977. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Webster Parish, Louisiana.
What is the median home price in Webster Parish, Louisiana?
The median home price in Webster Parish, Louisiana is $121,056, lower than the Louisiana average of $166,764.
What is the average home price in Webster 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 Webster Parish, Louisiana?
The median gross rent in Webster Parish, Louisiana is $777 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in Webster Parish in 2020?
In 2020, the median gross rent in Webster Parish, Louisiana was $665 per month.
What is the price-to-rent ratio in Webster Parish, Louisiana?
The price-to-rent ratio in Webster Parish, Louisiana is about 13.0, meaning it would take roughly 13.0 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 Webster Parish.
Are home prices or rent rising faster in Webster Parish, Louisiana?
Both home prices and rent are rising in Webster Parish, up about 20.9% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Webster Parish, Louisiana?
54.9% of households in Webster Parish, Louisiana own their home, lower than the Louisiana average of 57.3%.
What is the vacancy rate in Webster Parish, Louisiana?
The housing vacancy rate in Webster Parish, Louisiana is 19.5%, higher than the Louisiana average of 14.8%.