Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$170,371+4.9% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$36,933About 0.8× the local median income ($47,023): affordable for a typical household
Days on market71 daysFaster than a year ago: sellers have the edge
Next 12 months+1.5%Zillow expects prices to rise slightly
The typical home in Richland Parish, LA is worth $170,371, up 4.9% from a year ago. That is well below what local incomes have historically supported: fair value is about $194,268, so the area is 12.3% undervalued. It is a balanced market, leaning toward sellers: homes take about 71 days to sell, listings are down 15% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 1.5% over the next year. A household needs about $36,933 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 $47,023. In the latest IRS figures, 66 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
$170,371
Change in 1 year
+4.9%
Overvalued %
−12.3%
Show 7 more
Fair home value
$194,268
Change in 5 years
−0.2%
Zillow forecast, next 12 months
+1.5%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$923
Income needed to afford it
$36,933
Property tax rate
0.28%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$975
Market activity
Listings vs a year ago
−14.8%
Days on market
71
Listings with a price cut
14.3%
Show 3 more
Homes for sale
46
Pending sales per 100 listings
22
Asking price per sq ft
$162
People and jobs
Median household income
$47,023
Population change (1 year)
−0.4%
Unemployment rate
8.9%
Show 4 more
Population
19,582
Income adjusted for cost of living
$56,248
Net moves in (IRS)
−66
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
3.6
FEMA hazard risk score (0 to 100)
36.7
Flood risk score
30.8
Show 3 more
Wildfire risk score
24.6
Walkability (1 to 20)
5.3
Road, rail and air noise
54 dB
Questions people ask
Is Richland Parish, LA overvalued?
Home prices in Richland Parish, LA are well below what local incomes have historically supported: fair value is about $194,268, so the area is 12.3% undervalued.
Is Richland Parish, LA a buyer's or seller's market?
Richland Parish, LA is a balanced market, leaning toward sellers: homes take about 71 days to sell, listings are down 15% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Richland Parish, LA?
Home values in Richland Parish, LA are up 4.9% over the last year. Zillow's forecast for the next 12 months is +1.5%.
How much do you need to earn to buy a home in Richland Parish, LA?
A household needs about $36,933 a year to afford the typical home in Richland Parish, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $47,023.