Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$180,980−2.5% YoY · prices are falling
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 15% have cut their price
Income needed to buy, per year$39,233About 0.6× the local median income ($65,032): 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 Houma-Bayou Cane-Thibodaux, LA is worth $180,980, down 2.5% from a year ago. That is well below what local incomes have historically supported: fair value is about $249,303, so the area is 27.4% undervalued. It is a balanced market, leaning toward buyers: homes take about 95 days to sell, listings are down 16% from a year ago, 15% of listings have had a price cut. Zillow expects prices to fall about 1.2% over the next year. A household needs about $39,233 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 $65,032. Typical rent is $1,302 a month, or $1,423 for a house. In the latest IRS figures, 1,300 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
$180,980
Change in 1 year
−2.5%
Overvalued %
−27.4%
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Fair home value
$249,303
Change in 5 years
−13.9%
Zillow forecast, next 12 months
−1.2%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$981
Income needed to afford it
$39,233
Property tax rate
0.47%
Rent and investing
Typical rent
$1,302
Typical rent for houses
$1,423
Price-to-rent ratio
11.6×
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HUD Fair Market Rent, 2 bedrooms
$1,098
Gross rental yield
8.64%
Cap rate (estimate)
5.61%
Market activity
Listings vs a year ago
−15.6%
Days on market
95
Listings with a price cut
14.6%
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Homes for sale
770
Pending sales per 100 listings
16
Asking price per sq ft
$136
People and jobs
Median household income
$65,032
Population change (1 year)
+0.0%
Unemployment rate
4.4%
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Population
199,668
Income adjusted for cost of living
$76,418
Net moves in (IRS)
−1,300
Cost of living (US = 100)
85.1
Schools, risk and environment
School rating (1 to 10)
7.9
FEMA hazard risk score (0 to 100)
92.8
Unhealthy air days a year
0
Show 4 more
Flood risk score
88.2
Wildfire risk score
21.2
Walkability (1 to 20)
6.1
Road, rail and air noise
54 dB
Questions people ask
Is Houma-Bayou Cane-Thibodaux, LA overvalued?
Home prices in Houma-Bayou Cane-Thibodaux, LA are well below what local incomes have historically supported: fair value is about $249,303, so the area is 27.4% undervalued.
Is Houma-Bayou Cane-Thibodaux, LA a buyer's or seller's market?
Houma-Bayou Cane-Thibodaux, LA is a balanced market, leaning toward buyers: homes take about 95 days to sell, listings are down 16% from a year ago, 15% of listings have had a price cut.
Are home prices going down in Houma-Bayou Cane-Thibodaux, LA?
Home values in Houma-Bayou Cane-Thibodaux, LA are down 2.5% 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 Houma-Bayou Cane-Thibodaux, LA?
A household needs about $39,233 a year to afford the typical home in Houma-Bayou Cane-Thibodaux, LA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,032.