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 Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $721,590 | $166,764 | $242,182 |
| Price Trend (Annual %) | 61.7% | 4.5% | 8.2% |
| Median Gross Rent | $997 | $1,038 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Feliciana Parish is about 333% higher than in Louisiana. Rent is about 4% 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 West Feliciana Parish, up about 61.7% and 3.6% a year respectively. Home prices are changing faster.
Median rent in West Feliciana Parish rose about 21.4% between 2015 and 2023, from $821 to $997. Over the same span, rent in Louisiana rose about 31.9%.
Affordability
On average, housing unit costs 9.7 yearly household incomes in West Feliciana Parish.
Buying the median-priced home in West Feliciana Parish costs roughly 60.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in West Feliciana Parish. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | West Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $721,590 | $166,764 | $242,182 |
| Median Household Income | $74,207 | $60,029 | $78,145 |
| Price-to-Income Ratio | 9.7 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in West Feliciana Parish rose about 180.1%, while median household income rose about 71.3% 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 | West Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.1% | 57.3% | 58.2% |
| Rental Rate | 16.2% | 27.8% | 31.3% |
| Vacancy Rate | 23.7% | 14.8% | 10.6% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
West Feliciana Parish has a homeownership rate of 60.1%, higher than the Louisiana average of 57.3%. Its housing vacancy rate is 23.7%, compared with 14.8% in Louisiana.
Housing Stock
| Metric | West Feliciana Parish | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.91 people | 2.52 people | 2.54 people |
| Median Structure Built Year | 1989 | 1982 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in West Feliciana Parish was built around 1989. On average, 2.9 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in West Feliciana Parish, Louisiana.
What is the median home price in West Feliciana Parish, Louisiana?
The median home price in West Feliciana Parish, Louisiana is $721,590, higher than the Louisiana average of $166,764.
What is the average home price in West Feliciana 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 Feliciana Parish, Louisiana?
The median gross rent in West Feliciana Parish, Louisiana is $997 per month, lower than the Louisiana average of $1,038.
What was the median gross rent in West Feliciana Parish in 2020?
In 2020, the median gross rent in West Feliciana Parish, Louisiana was $818 per month.
What is the price-to-rent ratio in West Feliciana Parish, Louisiana?
The price-to-rent ratio in West Feliciana Parish, Louisiana is about 60.3, meaning it would take roughly 60.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in West Feliciana Parish.
Are home prices or rent rising faster in West Feliciana Parish, Louisiana?
Both home prices and rent are rising in West Feliciana Parish, up about 61.7% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in West Feliciana Parish, Louisiana?
60.1% of households in West Feliciana Parish, Louisiana own their home, higher than the Louisiana average of 57.3%.
What is the vacancy rate in West Feliciana Parish, Louisiana?
The housing vacancy rate in West Feliciana Parish, Louisiana is 23.7%, higher than the Louisiana average of 14.8%.