Home Price Key
Affordable
Average
Expensive
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 $194,522, lower than the the United States average of $313,691.
The average cost of rent is $991/mo in Louisiana, primarily driven by the current value of real estate in the Louisiana area. While nearly 48.70% of residents own their homes outright in Louisiana, 28.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Louisiana is $5,413 per month. Households that rent pay about 18.30% of their income on rent here. Louisiana's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the state.
Nearby States
States with Similar Populations
- District of Columbia: higher priced homes
- Florida: higher priced homes
- Connecticut: higher priced homes
- New Mexico: equally priced homes
- North Dakota: higher priced homes
- New York: higher priced homes
- North Carolina: higher priced homes
- Ohio: equally priced homes
- Oklahoma: less expensive homes
- Oregon: higher priced homes
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