Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Home prices in Louisiana have risen steadily but modestly, from about $148,000 in 2010 to $203,000 in 2024, a slower pace than most of the U.S.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (LASTHPI).
| Indicator | Louisiana | U.S. |
|---|---|---|
| 10-yr appreciation (%) | 37 | 75 |
Median Home Value
Louisiana's median home value is about $203,000, well below the national median, though rising insurance costs are offsetting this affordability.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Louisiana | U.S. |
|---|---|---|
| Median home value (USD) | 203000 | 360000 |
Rent Prices
The median monthly rent in Louisiana is about $1,020, below the national median, though New Orleans rents run notably higher.
Rent of primary residence index (South region)
2006–2025BLS CPI-U, South region, annual average (CUUR0300SEHA).
| Indicator | Louisiana | U.S. |
|---|---|---|
| Median rent (USD/mo) | 1020 | 1350 |
Housing Inventory
Louisiana has about 2.05 million total housing units, with a relatively high vacancy rate reflecting hurricane damage and seasonal properties.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Louisiana | U.S. |
|---|---|---|
| Housing units (millions) | 2.05 | 146 |
Building Permits
Louisiana issued roughly 12,500 residential building permits in 2023, modest given ongoing post-hurricane rebuilding needs.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED LABPPRIV).
| Indicator | Louisiana | U.S. |
|---|---|---|
| Permits per 1,000 residents | 2.7 | 4.4 |
Homeownership Rate
Louisiana's homeownership rate stands at 65.8%, close to the national average, aided by relatively low home prices.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED LAHOWN).
| Indicator | Louisiana | U.S. |
|---|---|---|
| Homeownership rate (%) | 65.8 | 65.7 |
Housing Affordability
Housing affordability in Louisiana is undermined less by home prices than by soaring insurance premiums, averaging about $4,700/year, the highest in the U.S. after repeated hurricanes.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Louisiana | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 63.1 | 100 |
| Home insurance (USD/yr) | 4700 | 2400 |
- •Louisiana has the highest average home insurance costs in the nation due to hurricane risk.
Vacancy Rate
Louisiana's housing vacancy rate is about 13.5%, elevated by storm-damaged and seasonal coastal properties.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED LARVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED LAHVAC).
| Indicator | Louisiana | U.S. |
|---|---|---|
| Vacancy rate (%) | 13.5 | 11 |