Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$116,112−5.0% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 10% have cut their price
Income needed to buy, per year$25,171About 0.5× the local median income ($53,939): affordable for a typical household
Days on market71 daysSlower than a year ago: buyers have time to negotiate
The typical home in Allen Parish, LA is worth $116,112, down 5.0% from a year ago. That is well below what local incomes have historically supported: fair value is about $158,588, so the area is 26.8% undervalued. It is a buyer's market: homes take about 71 days to sell, listings are up 12% from a year ago, 10% of listings have had a price cut. A household needs about $25,171 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $53,939. In the latest IRS figures, 14 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$116,112
Change in 1 year
−5.0%
Overvalued %
−26.8%
Show 6 more
Fair home value
$158,588
Change in 5 years
−14.9%
Home value to income
2.2×
Monthly mortgage payment (20% down)
$629
Income needed to afford it
$25,171
Property tax rate
0.26%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$910
Market activity
Listings vs a year ago
+12.0%
Days on market
71
Listings with a price cut
9.8%
Show 3 more
Homes for sale
28
Pending sales per 100 listings
32
Asking price per sq ft
$79
People and jobs
Median household income
$53,939
Population change (1 year)
−0.3%
Unemployment rate
9.8%
Show 4 more
Population
22,672
Income adjusted for cost of living
$65,381
Net moves in (IRS)
+14
Cost of living (US = 100)
82.5
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
50.7
Flood risk score
45.1
Show 3 more
Wildfire risk score
76.7
Walkability (1 to 20)
4.8
Road, rail and air noise
52 dB
Questions people ask
Is Allen Parish, LA overvalued?
Home prices in Allen Parish, LA are well below what local incomes have historically supported: fair value is about $158,588, so the area is 26.8% undervalued.
Is Allen Parish, LA a buyer's or seller's market?
Allen Parish, LA is a buyer's market: homes take about 71 days to sell, listings are up 12% from a year ago, 10% of listings have had a price cut.
Are home prices going down in Allen Parish, LA?
Home values in Allen Parish, LA are down 5.0% over the last year.
How much do you need to earn to buy a home in Allen Parish, LA?
A household needs about $25,171 a year to afford the typical home in Allen Parish, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $53,939.