Vernon Parish, Louisiana Housing Market
In Vernon Parish, Louisiana, the median home value is $156,000, with a median monthly rent of $1,068. This places Vernon Parish at #2116 nationally out of 3134 counties by median home value, and #33 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: $948
- Establishments: 962
- BLS QCEW, 2025
Housing Supply
- Single-family: 18
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 17,624 (avg $57,261)
- Outflow: 15,099 (avg $59,117)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Vernon Parish · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 71446 | 231.8 | +2.33% | 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.
How Vernon Parish Compares
| Metric | Vernon Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $156,000 | $167,368 | $227,706 |
| Median Gross Rent | $1,068 | $914 | $968 |
| Owner Occupancy Rate | 56.0% | 72.2% | 73.3% |
| Price/Rent Ratio | 12.2 | 15.1 | 18.7 |
Market Analysis
The median home value in Vernon Parish is 6.8% below the Louisiana state average and 31.5% below the U.S. national average. The median rent of $1,068/month is 16.8% above the state average.
With a price-to-rent ratio of 12.2, buying a home in Vernon 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.
Vernon Parish has an owner-occupancy rate of 56.0%, 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 |
|---|---|---|---|
| Clay County | Kansas | $155,900 | $937 |
| Chippewa County | Minnesota | $156,100 | $869 |
| Dixon County | Nebraska | $155,900 | $689 |
| Ringgold County | Iowa | $156,200 | $710 |
| Humboldt County | Iowa | $155,800 | $744 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Washington Parish | $155,700 | $774 | 69.3% |
| Acadia Parish | $155,500 | $681 | 67.0% |
| De Soto Parish | $154,900 | $687 | 77.2% |
| Jefferson Davis Parish | $150,800 | $848 | 77.1% |
| Beauregard Parish | $161,700 | $898 | 84.8% |
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).