Washington Parish, Louisiana Housing Market
In Washington Parish, Louisiana, the median home value is $155,700, with a median monthly rent of $774. This places Washington Parish at #2122 nationally out of 3134 counties by median home value, and #34 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: $907
- Establishments: 834
- BLS QCEW, 2025
Migration Patterns
- Inflow: 14,441 (avg $47,673)
- Outflow: 13,855 (avg $47,684)
- IRS Statistics of Income
How Washington Parish Compares
| Metric | Washington Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $155,700 | $167,368 | $227,706 |
| Median Gross Rent | $774 | $914 | $968 |
| Owner Occupancy Rate | 69.3% | 72.2% | 73.3% |
| Price/Rent Ratio | 16.8 | 15.1 | 18.7 |
Market Analysis
The median home value in Washington Parish is 7.0% below the Louisiana state average and 31.6% below the U.S. national average. The median rent of $774/month is 15.3% below the state average.
With a price-to-rent ratio of 16.8, the buy-vs-rent decision in Washington Parish is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Washington Parish has an owner-occupancy rate of 69.3%, 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 |
|---|---|---|---|
| Washington County | Illinois | $155,700 | $818 |
| Clarion County | Pennsylvania | $155,700 | $798 |
| Sutton County | Texas | $155,700 | $772 |
| Halifax County | Virginia | $155,700 | $790 |
| Humboldt County | Iowa | $155,800 | $744 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Acadia Parish | $155,500 | $681 | 67.0% |
| Vernon Parish | $156,000 | $1,068 | 56.0% |
| De Soto Parish | $154,900 | $687 | 77.2% |
| Jefferson Davis Parish | $150,800 | $848 | 77.1% |
| Assumption Parish | $150,300 | $810 | 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).