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Parishes with the lowest home prices in Louisiana

Written by:
June 8, 2021
Billy Hathorn // Wikimedia Commons

Parishes with the lowest home prices in Louisiana

The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.

But all things are not equal when it comes to real estate in the United States.

Credible used 2021 data calculated by the National Association of REALTORS to compile a list of parishes with the lowest median home values and monthly mortgage payments in Louisiana. Parishes were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.

The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency’s House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all parishes where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.

Keep reading to discover which parish in Louisiana has the lowest home prices.

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Hillebrand, Steve - U.S. Fish and Wildlife Service // Wikimedia Commons

#30. Cameron Parish

- Monthly mortgage payment in 2020: $442 (11.6% less than 2019)
- Monthly mortgage payment in 2019: $500
- Median home value in 2020: $119,300
- Ranked #1,172 out of 3,120 counties nationwide
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Carol M. Highsmith // Wikimedia Commons

#29. Iberia Parish

- Monthly mortgage payment in 2020: $439 (21.9% less than 2019)
- Monthly mortgage payment in 2019: $562
- Median home value in 2020: $118,400
- Ranked #1,159 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#28. Jefferson Davis Parish

- Monthly mortgage payment in 2020: $433 (11.1% less than 2019)
- Monthly mortgage payment in 2019: $487
- Median home value in 2020: $116,800
- Ranked #1,120 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#27. St. Landry Parish

- Monthly mortgage payment in 2020: $428 (24.1% less than 2019)
- Monthly mortgage payment in 2019: $564
- Median home value in 2020: $115,500
- Ranked #1,094 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#26. St. Mary Parish

- Monthly mortgage payment in 2020: $406 (12.3% less than 2019)
- Monthly mortgage payment in 2019: $463
- Median home value in 2020: $109,500
- Ranked #954 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#25. Avoyelles Parish

- Monthly mortgage payment in 2020: $395 (7.1% less than 2019)
- Monthly mortgage payment in 2019: $425
- Median home value in 2020: $106,800
- Ranked #877 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#24. Grant Parish

- Monthly mortgage payment in 2020: $394 (14.7% less than 2019)
- Monthly mortgage payment in 2019: $462
- Median home value in 2020: $106,400
- Ranked #861 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#23. Washington Parish

- Monthly mortgage payment in 2020: $383 (0.8% less than 2019)
- Monthly mortgage payment in 2019: $386
- Median home value in 2020: $103,500
- Ranked #791 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#22. St. Helena Parish

- Monthly mortgage payment in 2020: $381 (1.9% greater than 2019)
- Monthly mortgage payment in 2019: $374
- Median home value in 2020: $103,000
- Ranked #777 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#21. Allen Parish

- Monthly mortgage payment in 2020: $370 (8.9% less than 2019)
- Monthly mortgage payment in 2019: $406
- Median home value in 2020: $99,900
- Ranked #701 out of 3,120 counties nationwide
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Jerrye & Roy Klotz, MD // Wikimedia Commons

#20. Evangeline Parish

- Monthly mortgage payment in 2020: $367 (8.7% less than 2019)
- Monthly mortgage payment in 2019: $402
- Median home value in 2020: $99,000
- Ranked #677 out of 3,120 counties nationwide
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Renelibrary // Wikimedia Commons

#19. Sabine Parish

- Monthly mortgage payment in 2020: $358 (11.2% less than 2019)
- Monthly mortgage payment in 2019: $403
- Median home value in 2020: $96,600
- Ranked #629 out of 3,120 counties nationwide
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Castor_Creek // Wikimedia Commons

#18. LaSalle Parish

- Monthly mortgage payment in 2020: $353 (1.1% greater than 2019)
- Monthly mortgage payment in 2019: $349
- Median home value in 2020: $95,300
- Ranked #603 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#17. Richland Parish

- Monthly mortgage payment in 2020: $349 (8.2% less than 2019)
- Monthly mortgage payment in 2019: $380
- Median home value in 2020: $94,200
- Ranked #572 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#16. Morehouse Parish

- Monthly mortgage payment in 2020: $346 (12.8% less than 2019)
- Monthly mortgage payment in 2019: $397
- Median home value in 2020: $93,300
- Ranked #548 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#15. West Carroll Parish

- Monthly mortgage payment in 2020: $343 (9.7% less than 2019)
- Monthly mortgage payment in 2019: $380
- Median home value in 2020: $92,500
- Ranked #524 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#14. Jackson Parish

- Monthly mortgage payment in 2020: $340 (10.5% less than 2019)
- Monthly mortgage payment in 2019: $380
- Median home value in 2020: $91,700
- Ranked #503 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#13. Catahoula Parish

- Monthly mortgage payment in 2020: $338 (5.6% less than 2019)
- Monthly mortgage payment in 2019: $358
- Median home value in 2020: $91,200
- Ranked #489 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#12. Union Parish

- Monthly mortgage payment in 2020: $336 (20.6% less than 2019)
- Monthly mortgage payment in 2019: $423
- Median home value in 2020: $90,800
- Ranked #476 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#11. Franklin Parish

- Monthly mortgage payment in 2020: $334 (10.9% less than 2019)
- Monthly mortgage payment in 2019: $375
- Median home value in 2020: $90,200
- Ranked #459 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#10. Webster Parish

- Monthly mortgage payment in 2020: $309 (14.9% less than 2019)
- Monthly mortgage payment in 2019: $363
- Median home value in 2020: $83,500
- Ranked #289 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#9. Concordia Parish

- Monthly mortgage payment in 2020: $306 (16.6% less than 2019)
- Monthly mortgage payment in 2019: $367
- Median home value in 2020: $82,600
- Ranked #274 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#8. Red River Parish

- Monthly mortgage payment in 2020: $299 (15.3% less than 2019)
- Monthly mortgage payment in 2019: $353
- Median home value in 2020: $80,600
- Ranked #238 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#7. Claiborne Parish

- Monthly mortgage payment in 2020: $296 (11.6% less than 2019)
- Monthly mortgage payment in 2019: $335
- Median home value in 2020: $80,000
- Ranked #226 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#6. Madison Parish

- Monthly mortgage payment in 2020: $296 (3.5% greater than 2019)
- Monthly mortgage payment in 2019: $286
- Median home value in 2020: $80,000
- Ranked #227 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#5. Winn Parish

- Monthly mortgage payment in 2020: $295 (13.7% less than 2019)
- Monthly mortgage payment in 2019: $342
- Median home value in 2020: $79,600
- Ranked #217 out of 3,120 counties nationwide
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Z28scrambler // Wikimedia Commons

#4. Caldwell Parish

- Monthly mortgage payment in 2020: $293 (9.3% less than 2019)
- Monthly mortgage payment in 2019: $323
- Median home value in 2020: $79,200
- Ranked #206 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#3. East Carroll Parish

- Monthly mortgage payment in 2020: $291 (11.8% less than 2019)
- Monthly mortgage payment in 2019: $330
- Median home value in 2020: $78,700
- Ranked #197 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#2. Bienville Parish

- Monthly mortgage payment in 2020: $288 (8.6% less than 2019)
- Monthly mortgage payment in 2019: $315
- Median home value in 2020: $77,800
- Ranked #185 out of 3,120 counties nationwide
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Billy Hathorn // Wikimedia Commons

#1. Tensas Parish

- Monthly mortgage payment in 2020: $252 (15.7% less than 2019)
- Monthly mortgage payment in 2019: $299
- Median home value in 2020: $68,000
- Ranked #75 out of 3,120 counties nationwide
This story originally appeared on and was produced and distributed in partnership with Stacker Studio.

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