Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$157,990+3.7% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 9% have cut their price
Income needed to buy, per year$34,249About 0.6× the local median income ($57,082): affordable for a typical household
Days on market90 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.9%Zillow expects prices to rise slightly
The typical home in Vermilion Parish, LA is worth $157,990, up 3.7% from a year ago. That is well below what local incomes have historically supported: fair value is about $186,749, so the area is 15.4% undervalued. It is a seller's market: homes take about 90 days to sell, listings are down 34% from a year ago, 9% of listings have had a price cut. Zillow expects prices to rise about 0.9% over the next year. A household needs about $34,249 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 $57,082. Typical rent is $1,489 a month, or $1,702 for a house. In the latest IRS figures, 16 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
$157,990
Change in 1 year
+3.7%
Overvalued %
−15.4%
Show 7 more
Fair home value
$186,749
Change in 5 years
−0.5%
Zillow forecast, next 12 months
+0.9%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$856
Income needed to afford it
$34,249
Property tax rate
0.36%
Rent and investing
Typical rent
$1,489
Typical rent for houses
$1,702
Price-to-rent ratio
8.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$899
Gross rental yield
11.31%
Cap rate (estimate)
7.35%
Market activity
Listings vs a year ago
−34.1%
Days on market
90
Listings with a price cut
8.7%
Show 3 more
Homes for sale
120
Pending sales per 100 listings
50
Asking price per sq ft
$109
People and jobs
Median household income
$57,082
Population change (1 year)
+0.1%
Unemployment rate
5.2%
Show 4 more
Population
57,671
Income adjusted for cost of living
$65,461
Net moves in (IRS)
+16
Cost of living (US = 100)
87.2
Schools, risk and environment
School rating (1 to 10)
8.5
FEMA hazard risk score (0 to 100)
84.8
Flood risk score
79.5
Show 3 more
Wildfire risk score
44.1
Walkability (1 to 20)
5.9
Road, rail and air noise
53 dB
Questions people ask
Is Vermilion Parish, LA overvalued?
Home prices in Vermilion Parish, LA are well below what local incomes have historically supported: fair value is about $186,749, so the area is 15.4% undervalued.
Is Vermilion Parish, LA a buyer's or seller's market?
Vermilion Parish, LA is a seller's market: homes take about 90 days to sell, listings are down 34% from a year ago, 9% of listings have had a price cut.
Are home prices going down in Vermilion Parish, LA?
Home values in Vermilion Parish, LA are up 3.7% over the last year. Zillow's forecast for the next 12 months is +0.9%.
How much do you need to earn to buy a home in Vermilion Parish, LA?
A household needs about $34,249 a year to afford the typical home in Vermilion Parish, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $57,082.