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The average home value in Louisiana is $198,951, down 2.0% over the past year. Learn more about the Louisiana housing market and real estate trends.
HOA fees are common within condos and some single-family home neighborhoods. Co-ops also have monthly fees (Common Charges and Maintenance Fees), which may also include real estate taxes and a portion of the building's underlying mortgage.
Louisiana Housing Market Overview. What is the housing market like right now? In August 2024, home prices in Louisiana were up 3.1% compared to last year, selling for a median price of $251,500.
May 17, 2024 · The average home buyer in Louisiana spends between $18,806 and $60,313 when purchasing a $198,951 home — the state median value. Keep in mind, this is just the cost of buying a home. After you close, you'll still need to budget for all the ongoing costs of homeownership.
Sep 22, 2021 · According to estimates from Zillow, a Seattle-based real estate data company, the value of a typical single-family home in Louisiana is $193,114, lower than the national average.
Feb 7, 2024 · Average Home Prices: The average median home price in Louisiana is $242,500, down by 0.78% YoY. In 2024, the median sale price will increase shortly due to LA’s tight inventory.
Louisiana has an affordability score of 5, meaning it takes 5 years of the median household income ($50,800) to afford Louisiana's median home sale price ($253,000). Because of this, we rank Louisiana as the 12th most affordable state for buyers based strictly on prices compared to income. Resources for Louisiana home buyers.
