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Affordable
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These days, finding an affordable place to live in the Houma area can be challenging. Home prices in Houma are now at a median cost of $217,844, lower than the Louisiana average of $235,139.
The average cost of rent is $1,095/mo in Houma, primarily driven by the current value of real estate in the Houma area. In Houma, 23.72% of households rent, and 53.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Houma is $5,853 per month. Households that rent pay about 18.71% of their income on rent here. Houma’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mandalay, LA: higher priced homes
- Bayou Cane, LA: equally priced homes
- Bayou Blue, LA: less expensive homes
- Presquille, LA: higher priced homes
- Crescent, LA: higher priced homes
- Gray, LA: less expensive homes
- Bourg, LA: equally priced homes
- Klondyke, LA: less expensive homes
- Theriot, LA: equally priced homes
- Chauvin, LA: less expensive homes
Cities with Similar Populations
- Placentia, CA: higher priced homes
- La Jolla, CA: higher priced homes
- Lakeville, MN: higher priced homes
- Medford, MA: higher priced homes
- Monroe, NC: higher priced homes
- National City, CA: higher priced homes
- Oak Lawn, IL: higher priced homes
- Ormond Beach, FL: higher priced homes
- Panama City, FL: higher priced homes
- Perth Amboy, NJ: higher priced homes
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