Madison Parish, Louisiana Housing Market
In Madison Parish, Louisiana, the median home value is $96,200, with a median monthly rent of $649. This places Madison Parish at #2971 nationally out of 3134 counties by median home value, and #59 within Louisiana.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $677
- Establishments: 216
- BLS QCEW, 2025
Migration Patterns
- Inflow: 3,227 (avg $40,529)
- Outflow: 3,116 (avg $41,790)
- IRS Statistics of Income
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| Metric | Madison Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $96,200 | $167,368 | $227,706 |
| Median Gross Rent | $649 | $914 | $968 |
| Owner Occupancy Rate | 53.1% | 72.2% | 73.3% |
| Price/Rent Ratio | 12.4 | 15.1 | 18.7 |
Market Analysis
The median home value in Madison Parish is 42.5% below the Louisiana state average and 57.8% below the U.S. national average. The median rent of $649/month is 29.0% below the state average.
With a price-to-rent ratio of 12.4, buying a home in Madison 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.
Madison Parish has an owner-occupancy rate of 53.1%, compared to 72.2% in Louisiana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Morton County | Kansas | $96,100 | $632 |
| Kiowa County | Oklahoma | $96,100 | $780 |
| Nolan County | Texas | $96,300 | $913 |
| Prairie County | Arkansas | $96,400 | $625 |
| Scott County | Illinois | $96,400 | $689 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| West Carroll Parish | $94,400 | $740 | 76.1% |
| Caldwell Parish | $93,300 | $830 | 68.9% |
| Bienville Parish | $99,500 | $606 | 70.2% |
| East Carroll Parish | $100,500 | $652 | 58.4% |
| Catahoula Parish | $101,800 | $821 | 78.0% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).