Terrebonne Parish, Louisiana Housing Market
In Terrebonne Parish, Louisiana, the median home value is $187,200, with a median monthly rent of $1,065. This places Terrebonne Parish at #1548 nationally out of 3134 counties by median home value, and #23 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: $1,261
- Establishments: 3,229
- BLS QCEW, 2025
Housing Supply
- Single-family: 247
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 37,635 (avg $67,123)
- Outflow: 36,990 (avg $67,763)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Terrebonne Parish · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 70363 | 201.6 | +8.87% | 2025 |
| 2 | 70344 | 222.0 | — | 2024 |
| 3 | 70360 | 197.0 | +4.48% | 2025 |
| 4 | 70395 | 198.0 | -9.05% | 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.
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| Metric | Terrebonne Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $187,200 | $167,368 | $227,706 |
| Median Gross Rent | $1,065 | $914 | $968 |
| Owner Occupancy Rate | 75.3% | 72.2% | 73.3% |
| Price/Rent Ratio | 14.6 | 15.1 | 18.7 |
Market Analysis
The median home value in Terrebonne Parish is 11.8% above the Louisiana state average and 17.8% below the U.S. national average. The median rent of $1,065/month is 16.5% above the state average.
With a price-to-rent ratio of 14.6, buying a home in Terrebonne 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.
Terrebonne Parish has an owner-occupancy rate of 75.3%, 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 |
|---|---|---|---|
| Cheyenne County | Colorado | $187,500 | $926 |
| De Baca County | New Mexico | $187,500 | $387 |
| Bradford County | Pennsylvania | $187,500 | $901 |
| Manitowoc County | Wisconsin | $186,900 | $797 |
| Heard County | Georgia | $186,800 | $917 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| St. John the Baptist Parish | $193,200 | $1,334 | 77.5% |
| Rapides Parish | $181,100 | $950 | 64.8% |
| Lafourche Parish | $193,900 | $928 | 79.9% |
| Ouachita Parish | $194,400 | $959 | 61.0% |
| Pointe Coupee Parish | $179,300 | $817 | 80.0% |
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).