Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$166,136+3.7% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 8% have cut their price
Income needed to buy, per year$36,015About 0.6× the local median income ($58,533): affordable for a typical household
Days on market77 daysFaster than a year ago: sellers have the edge
The typical home in Vernon Parish, LA is worth $166,136, up 3.7% from a year ago. That is well below what local incomes have historically supported: fair value is about $200,364, so the area is 17.1% undervalued. It is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are up 6% from a year ago, 8% of listings have had a price cut. A household needs about $36,015 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 $58,533. Typical rent is $1,123 a month. In the latest IRS figures, 712 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
$166,136
Change in 1 year
+3.7%
Overvalued %
−17.1%
Show 6 more
Fair home value
$200,364
Change in 5 years
+2.5%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$900
Income needed to afford it
$36,015
Property tax rate
0.53%
Rent and investing
Typical rent
$1,123
Price-to-rent ratio
12.3×
HUD Fair Market Rent, 2 bedrooms
$1,102
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Gross rental yield
8.11%
Cap rate (estimate)
5.27%
Market activity
Listings vs a year ago
+5.8%
Days on market
77
Listings with a price cut
8.0%
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Homes for sale
147
Pending sales per 100 listings
21
Asking price per sq ft
$110
People and jobs
Median household income
$58,533
Population change (1 year)
−2.1%
Unemployment rate
5.7%
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Population
45,091
Income adjusted for cost of living
$70,949
Net moves in (IRS)
−712
Cost of living (US = 100)
82.5
Schools, risk and environment
School rating (1 to 10)
7.9
FEMA hazard risk score (0 to 100)
68.9
Flood risk score
66.6
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Wildfire risk score
79.8
Walkability (1 to 20)
4.5
Road, rail and air noise
53 dB
Questions people ask
Is Vernon Parish, LA overvalued?
Home prices in Vernon Parish, LA are well below what local incomes have historically supported: fair value is about $200,364, so the area is 17.1% undervalued.
Is Vernon Parish, LA a buyer's or seller's market?
Vernon Parish, LA is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are up 6% from a year ago, 8% of listings have had a price cut.
Are home prices going down in Vernon Parish, LA?
Home values in Vernon Parish, LA are up 3.7% over the last year.
How much do you need to earn to buy a home in Vernon Parish, LA?
A household needs about $36,015 a year to afford the typical home in Vernon Parish, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $58,533.