Union Parish, Louisiana Housing Market
In Union Parish, Louisiana, the median home value is $112,500, with a median monthly rent of $778. This places Union Parish at #2762 nationally out of 3134 counties by median home value, and #52 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: $845
- Establishments: 424
- BLS QCEW, 2025
Housing Supply
- Single-family: 75
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,614 (avg $57,270)
- Outflow: 7,322 (avg $57,033)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Union Parish · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 71241 | 240.2 | +10.69% | 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 | Union Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $112,500 | $167,368 | $227,706 |
| Median Gross Rent | $778 | $914 | $968 |
| Owner Occupancy Rate | 77.8% | 72.2% | 73.3% |
| Price/Rent Ratio | 12.1 | 15.1 | 18.7 |
Market Analysis
The median home value in Union Parish is 32.8% below the Louisiana state average and 50.6% below the U.S. national average. The median rent of $778/month is 14.9% below the state average.
With a price-to-rent ratio of 12.1, buying a home in Union 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.
Union Parish has an owner-occupancy rate of 77.8%, 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 |
|---|---|---|---|
| Washington County | Georgia | $112,500 | $858 |
| Grundy County | Missouri | $112,500 | $696 |
| Real County | Texas | $112,500 | $1,188 |
| Perry County | Illinois | $112,600 | $728 |
| Smith County | Mississippi | $112,600 | $664 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Franklin Parish | $113,000 | $721 | 73.2% |
| Webster Parish | $114,500 | $795 | 66.8% |
| Jackson Parish | $115,600 | $736 | 70.0% |
| Winn Parish | $108,500 | $774 | 71.2% |
| Morehouse Parish | $118,800 | $839 | 68.6% |
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).