Red River Parish, Louisiana Housing Market
In Red River Parish, Louisiana, the median home value is $119,700, with a median monthly rent of $729. This places Red River Parish at #2639 nationally out of 3134 counties by median home value, and #46 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: $955
- Establishments: 169
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,775 (avg $65,751)
- Outflow: 2,724 (avg $65,826)
- IRS Statistics of Income
How Red River Parish Compares
| Metric | Red River Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $119,700 | $167,368 | $227,706 |
| Median Gross Rent | $729 | $914 | $968 |
| Owner Occupancy Rate | 77.3% | 72.2% | 73.3% |
| Price/Rent Ratio | 13.7 | 15.1 | 18.7 |
Market Analysis
The median home value in Red River Parish is 28.5% below the Louisiana state average and 47.4% below the U.S. national average. The median rent of $729/month is 20.2% below the state average.
With a price-to-rent ratio of 13.7, buying a home in Red River 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.
Red River Parish has an owner-occupancy rate of 77.3%, 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 |
|---|---|---|---|
| Wright County | Iowa | $119,600 | $790 |
| Ripley County | Missouri | $119,600 | $654 |
| Venango County | Pennsylvania | $119,800 | $795 |
| Baker County | Georgia | $119,500 | $631 |
| Estill County | Kentucky | $119,500 | $711 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| LaSalle Parish | $119,500 | $657 | 80.6% |
| Morehouse Parish | $118,800 | $839 | 68.6% |
| Avoyelles Parish | $122,400 | $757 | 70.1% |
| Sabine Parish | $123,100 | $701 | 80.3% |
| Jackson Parish | $115,600 | $736 | 70.0% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).