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Featured local agent — Louisiana
Sarah Mitchell
Compass Real Estate · Louisiana
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Louisiana housing market
Louisiana housing market summary
The typical home in Louisiana is worth $217,039, up 2.1% over the past year. Homes that actually closed went for a median of $269,000 after 55 days on market. On supply, pricing discipline, and speed of sale, Louisiana currently reads as a balanced market at 3.2 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $1,159 a month in principal and interest with 20.0% down.
Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026
Louisiana housing market at a glance
Every tile carries the provider and the month it was published
Typical home value
$217,039
+2.1% YoY · Zillow, August 2026
Median sale price
$269,000
Redfin, through May 2026
Typical asking rent
$1,444/mo
Median of 47 cities · Zillow, August 2026
30-yr fixed rate
7.03%
Freddie Mac via FRED, September 2026
Monthly P&I
$1,159
20.0% down, 30-yr fixed
Days on market
55
-2 days YoY
Active listings
12,451
-14.0% YoY
Median household income
$60,023
U.S. Census ACS, 2023
Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
Where Louisiana home prices are heading
Louisiana's typical home value is $217,039, up 2.1% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are at or within a rounding error of their two-year high.
Against the national picture, Louisiana runs 41.1% below the U.S. typical home value of $368,697, and its 12-month move of +2.1% is outpacing the national pace of +1.2%.
What would have to change for Louisiana prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Louisiana is carrying 3.2 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are -14.0% year over year and new listings -13.8%, so supply is still tightening, which supports prices even with weak demand. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.
Market trends
Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What it costs to buy in Louisiana at today's rate
Down payment
$43,408
20.0% of value
Loan amount
$173,631
30-yr fixed
Monthly P&I
$1,159
at 7.03%
Income needed
$49,671
28.0% front-end ratio
A buyer purchasing the typical Louisiana home at $217,039 puts $43,408 down, finances $173,631, and pays $1,159 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.
Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $49,671. Louisiana's median household earns $60,023 (Census ACS 2023) — a gap of $10,352 below what the median household brings in. Put differently, the median household would spend 23.2% of gross income on principal and interest alone — inside the ratio most lenders underwrite to.
The value-to-income ratio in Louisiana is 3.6x. Between roughly 3.5x and 5x, prices are ahead of local earnings but still within reach for higher-earning households. Model your own numbers in the affordability calculator or the mortgage calculator.
Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023
Buying in Louisiana in the next 12 months?
Tell us your timeline. We send the Louisiana market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.
Rent or buy in Louisiana?
Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 47 largest Louisiana cities that carry it: $1,444 a month. Set against a typical home value of $217,039, that is a price-to-rent ratio of 12.5x.
Under 15x, buying tends to beat renting for anyone staying more than a few years — the rent you avoid does more work than the capital you tie up. Principal and interest on the typical home runs $285 less per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.
For a second read on the same question, the Census ACS puts median gross rent across all Louisiana households — every unit type, not just what is currently listed — at $1,038 a month (2023), with 67.3% of Louisiana households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.
Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.
Supply: what is on the market in Louisiana
| Measure | Latest | Year earlier | Change |
|---|---|---|---|
| Active listings | 12,451 | 14,482 | -14.0% |
| New listings | 3,540 | 4,109 | -13.8% |
| Homes sold | 3,900 | 3,976 | -1.9% |
| Months of supply | 3.2 | 3.6 | -0.4 |
| Sale-to-list ratio | 97.2% | 97.1% | Below asking |
What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.
Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.
Where Louisiana home values are moving fastest
12-month change in typical home value · Zillow, August 2026
Rising fastest
- 1.Mansfield+50.1%
- 2.Bogalusa+13.0%
- 3.Kaplan+11.7%
- 4.Reserve+10.8%
- 5.Jeanerette+10.0%
- 6.Leesville+8.2%
- 7.Gramercy+8.1%
- 8.Vidalia+8.0%
Falling
- 1.Houma-5.1%
- 2.Slidell-4.5%
- 3.Eden Isle-4.4%
- 4.Jefferson-4.0%
- 5.New Orleans-3.1%
- 6.Cut Off-3.0%
- 7.Raceland-2.3%
- 8.Belle Chasse-2.1%
Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 150 largest Louisiana cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.
The most and least expensive cities in Louisiana
Typical home value across the 150 largest cities · Zillow, August 2026
Most expensive
- 1.Elmwood$424,725
- 2.Mandeville$360,422
- 3.River Ridge$357,977
- 4.Prairieville$338,080
- 5.Belle Chasse$336,290
- 6.Metairie$328,021
- 7.Eden Isle$327,794
- 8.Covington$322,459
- 9.Harahan$312,474
- 10.Destrehan$298,396
Most affordable
- 1.Springhill$82,076
- 2.Vivian$96,134
- 3.Bastrop$97,820
- 4.Bogalusa$98,533
- 5.Jeanerette$102,493
- 6.Franklin$103,834
- 7.Galliano$105,290
- 8.Lake Arthur$112,869
- 9.Eunice$115,736
- 10.Mansfield$120,418
The spread between Elmwood and Springhill is 5.2x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Natalbany was the quickest of these markets to clear at 1 days on market (Redfin, through May 2026).
How Louisiana compares
| Market | Typical value | 12-mo change | Median income | Value / income |
|---|---|---|---|---|
| Louisiana | $217,039 | +2.1% | $60,023 | 3.6x |
| United States | $368,697 | +1.2% | — | — |
| Texas | $299,367 | -1.6% | $76,292 | 3.9x |
| Mississippi | $197,606 | +2.3% | $54,915 | 3.6x |
| Arkansas | $227,264 | +3.6% | $58,773 | 3.9x |
The three states above are Louisiana's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. Mississippi carries a lower typical home value than Louisiana, which is what makes it the usual destination for equity-funded moves out of Louisiana.
Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.
Louisiana housing markets by city
375 cities tracked — the 60 largest by population shown
New Orleans
$243,781
Baton Rouge
$232,056
Shreveport
$148,292
Metairie
$328,021
Lafayette
$226,811
Lake Charles
$206,515
Kenner
$269,861
Bossier City
$229,529
Monroe
$156,120
Alexandria
$149,506
Prairieville
$338,080
Houma
$187,728
Marrero
$228,087
Central
Pop. 30K
Slidell
$222,268
Laplace
Pop. 28K
New Iberia
$153,259
Terrytown
Pop. 26K
Chalmette
$218,159
Ruston
$228,696
Bayou Cane
Pop. 22K
Harvey
$234,179
Sulphur
$202,468
Hammond
$225,248
Zachary
$269,071
Shenandoah
Pop. 18K
Natchitoches
$193,151
Gretna
$242,127
Estelle
Pop. 17K
Youngsville
$277,870
Thibodaux
$227,731
Opelousas
$133,528
Pineville
$203,536
Luling
$288,488
Broussard
$281,573
River Ridge
$357,977
Mandeville
$360,422
West Monroe
$204,726
Gonzales
$293,095
Claiborne
Pop. 13K
Baker
$186,661
Gardere
Pop. 12K
Destrehan
$298,396
Woodmere
Pop. 12K
Minden
$140,165
Covington
$322,459
Crowley
$121,822
Moss Bluff
Pop. 11K
Bayou Blue
Pop. 11K
Morgan City
$138,026
Timberlane
Pop. 11K
Abbeville
$141,898
Belle Chasse
$336,290
Carencro
$220,606
Waggaman
Pop. 11K
Bogalusa
$98,533
Raceland
$176,410
Jefferson
$258,115
DeRidder
$196,559
Jennings
$144,240
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What to do next in Louisiana
If you are buying
- Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Louisiana home is $1,159/mo in P&I today.
- Pick the city, not the state. Values across Louisiana run from $82,076 in Springhill to $424,725 in Elmwood.
- Put two finalists head to head in the city comparison tool before you tour anything.
- Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.
If you are selling
- Price against your city, not the statewide figure — the spread between Louisiana markets is wider than the year-over-year move in any of them.
- Read the supply table above. At 3.2 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
- Watch days on market in your city, not the state. The statewide median was 55 days (Redfin, through May 2026); your city page carries its own.
- Time the listing against new-listing volume. New listings are -13.8% year over year — less competition than a year ago.
Louisiana housing market questions
What is the typical home value in Louisiana?
The typical home value in Louisiana is $217,039 (Zillow, August 2026). That is a +2.1% change over the past 12 months. The median price of homes that actually sold was $269,000 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.
Are Louisiana home prices going up or down?
Louisiana home values are up 2.1% year over year (Zillow, August 2026). Values are at or near their highest reading in the past two years.
How much income do you need to buy a home in Louisiana?
At the current 30-year fixed rate of 7.03%, a $217,039 home with 20.0% down carries roughly $1,159 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $49,671 before taxes, insurance, HOA dues, or mortgage insurance are added. Louisiana's median household income is $60,023 (Census ACS, 2023), a gap of $10,352 below the median household. These figures are illustrative, not a quote or a pre-approval.
Is it cheaper to rent or buy in Louisiana?
Typical asking rent across the largest Louisiana cities Zillow publishes rent data for is $1,444 a month (median of 47 cities, Zillow, August 2026). Against a typical home value of $217,039, that is a price-to-rent ratio of 12.5x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $285 less than that typical rent each month, before taxes, insurance, and maintenance.
Which Louisiana cities are the most affordable?
Among the largest cities we track in Louisiana, the lowest typical home values are in Springhill ($82,076), Vivian ($96,134), Bastrop ($97,820), Bogalusa ($98,533), Jeanerette ($102,493). Values are Zillow's typical-home-value index for August 2026.
Which Louisiana cities are the most expensive?
The highest typical home values among the largest Louisiana cities are in Elmwood ($424,725), Mandeville ($360,422), River Ridge ($357,977), Prairieville ($338,080), Belle Chasse ($336,290). Price per square foot, inventory, and days on market for each are on the individual city pages.
Which Louisiana cities are appreciating the fastest?
Over the past 12 months the largest home-value gains among Louisiana cities we track were in Mansfield (+50.1%), Bogalusa (+13.0%), Kaplan (+11.7%), Reserve (+10.8%), Jeanerette (+10.0%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.
How long do homes take to sell in Louisiana?
Homes in Louisiana spent a median of 55 days on market in the last month Redfin published (Redfin, through May 2026). That is 2 days faster than the same month a year earlier. The quickest market among the state's largest cities was Natalbany at 1 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
How does Louisiana compare to neighboring states?
Louisiana's typical home value of $217,039 compares with Texas at $299,367, Mississippi at $197,606, Arkansas at $227,264. The U.S. typical home value is $368,697, putting Louisiana 41.1% below the national figure. Mississippi is cheaper on a typical-value basis.
Is now a good time to buy in Louisiana?
That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 3.2 months of supply statewide (Redfin, through May 2026), active listings -14.0% year over year, and home values +2.1% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.
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Neighboring state markets
- Texas housing market — $299,367 typical value
- Mississippi housing market — $197,606 typical value
- Arkansas housing market — $227,264 typical value
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