Rapides Parish, Louisiana Housing Market
In Rapides Parish, Louisiana, the median home value is $181,100, with a median monthly rent of $950. This places Rapides Parish at #1621 nationally out of 3134 counties by median home value, and #24 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: $1,006
- Establishments: 3,949
- BLS QCEW, 2025
Housing Supply
- Single-family: 217
- Multi-family: 24
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 46,474 (avg $76,130)
- Outflow: 45,238 (avg $76,486)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Rapides Parish · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 71409 | 202.3 | +8.62% | 2025 |
| 2 | 71405 | 217.4 | — | 2025 |
| 3 | 71302 | 184.1 | -7.53% | 2025 |
| 4 | 71303 | 177.2 | +3.70% | 2025 |
| 5 | 71485 | 186.2 | +1.74% | 2025 |
| 6 | 71301 | 179.8 | +1.29% | 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 Rapides Parish, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Rapides Parish →How Rapides Parish Compares
| Metric | Rapides Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $181,100 | $167,368 | $227,706 |
| Median Gross Rent | $950 | $914 | $968 |
| Owner Occupancy Rate | 64.8% | 72.2% | 73.3% |
| Price/Rent Ratio | 15.9 | 15.1 | 18.7 |
Market Analysis
The median home value in Rapides Parish is 8.2% above the Louisiana state average and 20.5% below the U.S. national average. The median rent of $950/month is 3.9% above the state average.
With a price-to-rent ratio of 15.9, the buy-vs-rent decision in Rapides Parish is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Rapides Parish has an owner-occupancy rate of 64.8%, 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 |
|---|---|---|---|
| Tioga County | Pennsylvania | $181,100 | $863 |
| Yadkin County | North Carolina | $181,200 | $766 |
| Carroll County | Indiana | $180,900 | $890 |
| Shawnee County | Kansas | $180,900 | $1,000 |
| Preble County | Ohio | $180,900 | $794 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pointe Coupee Parish | $179,300 | $817 | 80.0% |
| Caddo Parish | $175,700 | $974 | 60.2% |
| Terrebonne Parish | $187,200 | $1,065 | 75.3% |
| Iberville Parish | $172,800 | $827 | 75.1% |
| Natchitoches Parish | $171,300 | $786 | 60.9% |
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).