Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$172,462+3.9% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 18% have cut their price
Income needed to buy, per year$37,386About 0.7× the local median income ($56,786): affordable for a typical household
Days on market78 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.7%Zillow expects prices to rise slightly
The typical home in Rapides Parish, LA is worth $172,462, up 3.9% from a year ago. That is well below what local incomes have historically supported: fair value is about $195,434, so the area is 11.8% undervalued. It is a balanced market, leaning toward sellers: homes take about 78 days to sell, listings are down 12% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 0.7% over the next year. A household needs about $37,386 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 $56,786. Typical rent is $1,023 a month, or $1,133 for a house. In the latest IRS figures, 367 more people moved out than in.
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
$172,462
Change in 1 year
+3.9%
Overvalued %
−11.8%
Show 7 more
Fair home value
$195,434
Change in 5 years
+8.5%
Zillow forecast, next 12 months
+0.7%
Home value to income
3.0×
Monthly mortgage payment (20% down)
$935
Income needed to afford it
$37,386
Property tax rate
0.55%
Rent and investing
Typical rent
$1,023
Typical rent for houses
$1,133
Price-to-rent ratio
14.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$995
Gross rental yield
7.12%
Cap rate (estimate)
4.63%
Market activity
Listings vs a year ago
−11.9%
Days on market
78
Listings with a price cut
18.4%
Show 3 more
Homes for sale
288
Pending sales per 100 listings
40
Asking price per sq ft
$116
People and jobs
Median household income
$56,786
Population change (1 year)
−0.0%
Unemployment rate
5.2%
Show 4 more
Population
125,877
Income adjusted for cost of living
$66,261
Net moves in (IRS)
−367
Cost of living (US = 100)
85.7
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
84.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
82.2
Wildfire risk score
78.0
Walkability (1 to 20)
6.4
Road, rail and air noise
52 dB
Questions people ask
Is Rapides Parish, LA overvalued?
Home prices in Rapides Parish, LA are well below what local incomes have historically supported: fair value is about $195,434, so the area is 11.8% undervalued.
Is Rapides Parish, LA a buyer's or seller's market?
Rapides Parish, LA is a balanced market, leaning toward sellers: homes take about 78 days to sell, listings are down 12% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Rapides Parish, LA?
Home values in Rapides Parish, LA are up 3.9% over the last year. Zillow's forecast for the next 12 months is +0.7%.
How much do you need to earn to buy a home in Rapides Parish, LA?
A household needs about $37,386 a year to afford the typical home in Rapides Parish, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $56,786.