Louisiana housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$213,867+2.1% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 18% have cut their price
Income needed to buy, per year$46,362About 0.8× the local median income ($61,038): affordable for a typical household
Days on market77 daysAbout the same pace as a year ago
Next 12 months+0.3%Zillow expects prices to stay about flat
The typical home in Louisiana is worth $213,867, up 2.1% from a year ago. That is well below what local incomes have historically supported: fair value is about $251,756, so the area is 15.0% undervalued. It is a balanced market, leaning toward sellers: homes take about 77 days to sell, listings are down 3% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 0.3% over the next year. A household needs about $46,362 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 $61,038. In the latest IRS figures, 17,641 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 | $213,867 |
| Change in 1 year | +2.1% |
| Overvalued % | −15.0% |
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| Fair home value | $251,756 |
| Change in 5 years | +1.2% |
| Zillow forecast, next 12 months | +0.3% |
| Home value to income | 3.5× |
| Monthly mortgage payment (20% down) | $1,159 |
| Income needed to afford it | $46,362 |
| Property tax rate | 0.55% |
Rent and investing
| HUD Fair Market Rent, 2 bedrooms | $1,161 |
Market activity
| Listings vs a year ago | −3.1% |
| Days on market | 77 |
| Listings with a price cut | 18.2% |
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| Homes for sale | 16,173 |
| Pending sales per 100 listings | 26 |
| Asking price per sq ft | $151 |
People and jobs
| Median household income | $61,038 |
| Population change (1 year) | +0.1% |
| Unemployment rate | 6.3% |
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| Population | 4,618,189 |
| Income adjusted for cost of living | $69,204 |
| Net moves in (IRS) | −17,641 |
| Cost of living (US = 100) | 88.2 |
Schools, risk and environment
| FEMA hazard risk score (0 to 100) | 86.3 |
| Unhealthy air days a year | 1 |
| Flood risk score | 83.5 |
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| Wildfire risk score | 48.1 |
| Walkability (1 to 20) | 7.1 |
| Road, rail and air noise | 53 dB |
Questions people ask
- Is Louisiana overvalued?
- Home prices in Louisiana are well below what local incomes have historically supported: fair value is about $251,756, so the area is 15.0% undervalued.
- Is Louisiana a buyer's or seller's market?
- Louisiana is a balanced market, leaning toward sellers: homes take about 77 days to sell, listings are down 3% from a year ago, 18% of listings have had a price cut.
- Are home prices going down in Louisiana?
- Home values in Louisiana are up 2.1% over the last year. Zillow's forecast for the next 12 months is +0.3%.
- How much do you need to earn to buy a home in Louisiana?
- A household needs about $46,362 a year to afford the typical home in Louisiana at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,038.
Metro areas
New Orleans-Metairie, LABaton Rouge, LALafayette, LAShreveport-Bossier City, LASlidell-Mandeville-Covington, LALake Charles, LAMonroe, LAHouma-Bayou Cane-Thibodaux, LAAlexandria, LAHammond, LA
Counties
Acadia ParishAllen ParishAscension ParishAssumption ParishAvoyelles ParishBeauregard ParishBienville ParishBossier ParishCaddo ParishCalcasieu ParishCaldwell ParishCameron ParishCatahoula ParishClaiborne ParishConcordia ParishDe Soto ParishEast Baton Rouge ParishEast Carroll ParishEast Feliciana ParishEvangeline ParishFranklin ParishGrant ParishIberia ParishIberville ParishJackson ParishJefferson Davis ParishJefferson ParishLaSalle ParishLafayette ParishLafourche ParishLincoln ParishLivingston ParishMadison ParishMorehouse ParishNatchitoches ParishOrleans ParishOuachita ParishPlaquemines ParishPointe Coupee ParishRapides ParishRed River ParishRichland ParishSabine ParishSaint Bernard ParishSaint Charles ParishSaint Helena ParishSaint James ParishSaint John the Baptist ParishSaint Landry ParishSaint Martin ParishSaint Mary ParishSaint Tammany ParishTangipahoa ParishTensas ParishTerrebonne ParishUnion ParishVermilion ParishVernon ParishWashington ParishWebster ParishWest Baton Rouge ParishWest Carroll ParishWest Feliciana ParishWinn Parish