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These days, finding an affordable place to live in the Louisiana area can be challenging. Home prices in Louisiana are now at a median cost of $110,786, lower than the Missouri average of $246,641.
The average cost of rent is $710/mo in Louisiana, primarily driven by the current value of real estate in the Louisiana area. In Louisiana, 30.83% of households rent, and 64.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Louisiana is $4,184 per month. Households that rent pay about 16.97% of their income on rent here. Louisiana’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pike, IL: equally priced homes
- Stark, MO: higher priced homes
- Vera, MO: higher priced homes
- Rockport, IL: equally priced homes
- Clarksville, MO: higher priced homes
- Tarrants, MO: higher priced homes
- Bowling Green, MO: higher priced homes
- Pleasant Hill, IL: less expensive homes
- Ashburn, MO: higher priced homes
- Summer Hill, IL: equally priced homes
Cities with Similar Populations
- Sparta, MO: higher priced homes
- Ely, IA: higher priced homes
- Eustace, TX: higher priced homes
- Fairmount, IN: higher priced homes
- Addison, NY: equally priced homes
- Kingman, KS: equally priced homes
- Pisgah, AL: higher priced homes
- Santa Rosa, TX: equally priced homes
- Sharpsburg, MD: higher priced homes
- Henrietta, TX: higher priced homes
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