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 | West Carroll Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $13,717 | $166,764 | $242,182 |
| Price Trend (Annual %) | -9.6% | 4.5% | 8.2% |
| Median Gross Rent | $691 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 4.3% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Carroll Parish is about 92% lower than in Louisiana. Rent is about 33% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in West Carroll Parish: home prices fell about 9.6% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in West Carroll Parish rose about 33.2% between 2015 and 2023, from $519 to $691. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in West Carroll Parish.
Buying the median-priced home in West Carroll Parish costs roughly 1.7 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 West Carroll Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | West Carroll Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $13,717 | $166,764 | $242,182 |
| Median Household Income | $48,797 | $60,029 | $78,145 |
| Price-to-Income Ratio | 0.3 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in West Carroll Parish fell about 79.2%, while median household income rose about 40.7% between 2009 and 2023 — 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 | West Carroll Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 57.3% | 58.2% |
| Rental Rate | 21.7% | 27.8% | 31.3% |
| Vacancy Rate | 17.4% | 14.8% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
West Carroll Parish has a homeownership rate of 60.9%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 17.4%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | West Carroll Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1979 | 1982 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in West Carroll Parish was built around 1979. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in West Carroll Parish, Louisiana.
What is the median home price in West Carroll Parish, Louisiana?
The median home price in West Carroll Parish, Louisiana is $13,717, lower than the Louisiana average of $166,764.
What is the average home price in West Carroll 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 West Carroll Parish, Louisiana?
The median gross rent in West Carroll Parish, Louisiana is $691 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in West Carroll Parish in 2020?
In 2020, the median gross rent in West Carroll Parish, Louisiana was $582 per month.
What is the price-to-rent ratio in West Carroll Parish, Louisiana?
The price-to-rent ratio in West Carroll Parish, Louisiana is about 1.7, meaning it would take roughly 1.7 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 West Carroll Parish.
Are home prices or rent rising faster in West Carroll Parish, Louisiana?
Home prices and rent are moving in opposite directions in West Carroll Parish: home prices fell about 9.6% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in West Carroll Parish, Louisiana?
60.9% of households in West Carroll Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in West Carroll Parish, Louisiana?
The housing vacancy rate in West Carroll Parish, Louisiana is 17.4%, higher than the Louisiana average of 14.8%.