Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$179,856−4.0% YoY · prices are falling fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 12% have cut their price
Income needed to buy, per year$38,989About 0.6× the local median income ($61,990): affordable for a typical household
Days on market95 daysFaster than a year ago: sellers have the edge
Next 12 months−1.2%Zillow expects prices to dip slightly
The typical home in Terrebonne Parish, LA is worth $179,856, down 4.0% from a year ago. That is well below what local incomes have historically supported: fair value is about $228,757, so the area is 21.4% undervalued. It is a balanced market, leaning toward buyers: homes take about 95 days to sell, listings are down 17% from a year ago, 12% of listings have had a price cut. Zillow expects prices to fall about 1.2% over the next year. A household needs about $38,989 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 $61,990. Typical rent is $1,331 a month, or $1,455 for a house. In the latest IRS figures, 782 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
$179,856
Change in 1 year
−4.0%
Overvalued %
−21.4%
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Fair home value
$228,757
Change in 5 years
−11.1%
Zillow forecast, next 12 months
−1.2%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$975
Income needed to afford it
$38,989
Property tax rate
0.45%
Rent and investing
Typical rent
$1,331
Typical rent for houses
$1,455
Price-to-rent ratio
11.3×
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HUD Fair Market Rent, 2 bedrooms
$1,098
Gross rental yield
8.88%
Cap rate (estimate)
5.77%
Market activity
Listings vs a year ago
−17.0%
Days on market
95
Listings with a price cut
12.4%
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Homes for sale
434
Pending sales per 100 listings
15
Asking price per sq ft
$136
People and jobs
Median household income
$61,990
Population change (1 year)
+0.0%
Unemployment rate
4.7%
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Population
104,163
Income adjusted for cost of living
$72,844
Net moves in (IRS)
−782
Cost of living (US = 100)
85.1
Schools, risk and environment
School rating (1 to 10)
7.8
FEMA hazard risk score (0 to 100)
94.2
Unhealthy air days a year
0
Show 4 more
Flood risk score
94.0
Wildfire risk score
23.3
Walkability (1 to 20)
6.4
Road, rail and air noise
53 dB
Questions people ask
Is Terrebonne Parish, LA overvalued?
Home prices in Terrebonne Parish, LA are well below what local incomes have historically supported: fair value is about $228,757, so the area is 21.4% undervalued.
Is Terrebonne Parish, LA a buyer's or seller's market?
Terrebonne Parish, LA is a balanced market, leaning toward buyers: homes take about 95 days to sell, listings are down 17% from a year ago, 12% of listings have had a price cut.
Are home prices going down in Terrebonne Parish, LA?
Home values in Terrebonne Parish, LA are down 4.0% over the last year. Zillow's forecast for the next 12 months is −1.2%.
How much do you need to earn to buy a home in Terrebonne Parish, LA?
A household needs about $38,989 a year to afford the typical home in Terrebonne Parish, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,990.