Morehouse Parish, Louisiana Housing Market
In Morehouse Parish, Louisiana, the median home value is $118,800, with a median monthly rent of $839. This places Morehouse Parish at #2658 nationally out of 3134 counties by median home value, and #48 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: $913
- Establishments: 517
- BLS QCEW, 2025
Housing Supply
- Single-family: 16
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,767 (avg $47,615)
- Outflow: 8,415 (avg $48,621)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Morehouse Parish · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 71220 | 144.3 | -12.40% | 2025 |
| 2 | 71280 | 238.3 | +22.79% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Morehouse Parish, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Morehouse Parish →How Morehouse Parish Compares
| Metric | Morehouse Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $118,800 | $167,368 | $227,706 |
| Median Gross Rent | $839 | $914 | $968 |
| Owner Occupancy Rate | 68.6% | 72.2% | 73.3% |
| Price/Rent Ratio | 11.8 | 15.1 | 18.7 |
Market Analysis
The median home value in Morehouse Parish is 29.0% below the Louisiana state average and 47.8% below the U.S. national average. The median rent of $839/month is 8.2% below the state average.
With a price-to-rent ratio of 11.8, buying a home in Morehouse 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.
Morehouse Parish has an owner-occupancy rate of 68.6%, 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 |
|---|---|---|---|
| Calhoun County | Iowa | $118,800 | $723 |
| Roosevelt County | Montana | $118,800 | $705 |
| Winston County | Alabama | $118,900 | $803 |
| Keokuk County | Iowa | $118,700 | $828 |
| Knox County | Kentucky | $118,700 | $681 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| LaSalle Parish | $119,500 | $657 | 80.6% |
| Red River Parish | $119,700 | $729 | 77.3% |
| Jackson Parish | $115,600 | $736 | 70.0% |
| Avoyelles Parish | $122,400 | $757 | 70.1% |
| Sabine Parish | $123,100 | $701 | 80.3% |
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).