Allen Parish, Louisiana Housing Market
In Allen Parish, Louisiana, the median home value is $104,500, with a median monthly rent of $775. This places Allen Parish at #2866 nationally out of 3134 counties by median home value, and #54 within Louisiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $904
- Establishments: 370
- BLS QCEW, 2025
Housing Supply
- Single-family: 39
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,208 (avg $55,474)
- Outflow: 7,012 (avg $55,883)
- IRS Statistics of Income
How Allen Parish Compares
| Metric | Allen Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $104,500 | $167,368 | $227,706 |
| Median Gross Rent | $775 | $914 | $968 |
| Owner Occupancy Rate | 74.0% | 72.2% | 73.3% |
| Price/Rent Ratio | 11.2 | 15.1 | 18.7 |
Market Analysis
The median home value in Allen Parish is 37.6% below the Louisiana state average and 54.1% below the U.S. national average. The median rent of $775/month is 15.2% below the state average.
With a price-to-rent ratio of 11.2, buying a home in Allen Parish is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Allen Parish has an owner-occupancy rate of 74.0%, compared to 72.2% in Louisiana and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Stark County | Illinois | $104,500 | $735 |
| Union County | Kentucky | $104,500 | $790 |
| McKean County | Pennsylvania | $104,500 | $809 |
| Williamsburg County | South Carolina | $104,500 | $765 |
| Quitman County | Georgia | $104,600 | $918 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Concordia Parish | $103,800 | $771 | 74.2% |
| Catahoula Parish | $101,800 | $821 | 78.0% |
| Winn Parish | $108,500 | $774 | 71.2% |
| East Carroll Parish | $100,500 | $652 | 58.4% |
| Bienville Parish | $99,500 | $606 | 70.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).