St. Martin Parish, Louisiana Housing Market
In St. Martin Parish, Louisiana, the median home value is $164,200, with a median monthly rent of $870. This places St. Martin Parish at #1924 nationally out of 3134 counties by median home value, and #30 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: $1,108
- Establishments: 1,078
- BLS QCEW, 2025
Housing Supply
- Single-family: 50
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 19,533 (avg $57,449)
- Outflow: 19,081 (avg $57,147)
- IRS Statistics of Income
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| Metric | St. Martin Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $164,200 | $167,368 | $227,706 |
| Median Gross Rent | $870 | $914 | $968 |
| Owner Occupancy Rate | 77.7% | 72.2% | 73.3% |
| Price/Rent Ratio | 15.7 | 15.1 | 18.7 |
Market Analysis
The median home value in St. Martin Parish is 1.9% below the Louisiana state average and 27.9% below the U.S. national average. The median rent of $870/month is 4.8% below the state average.
With a price-to-rent ratio of 15.7, the buy-vs-rent decision in St. Martin Parish is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
St. Martin Parish has an owner-occupancy rate of 77.7%, 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 |
|---|---|---|---|
| Adams County | Ohio | $164,200 | $732 |
| Haakon County | South Dakota | $164,200 | $584 |
| Limestone County | Texas | $164,200 | $905 |
| Crawford County | Georgia | $164,100 | $914 |
| Clinton County | Indiana | $164,100 | $920 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Iberia Parish | $164,500 | $897 | 67.3% |
| Vermilion Parish | $163,300 | $848 | 73.4% |
| Beauregard Parish | $161,700 | $898 | 84.8% |
| Natchitoches Parish | $171,300 | $786 | 60.9% |
| Vernon Parish | $156,000 | $1,068 | 56.0% |
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).