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Louisiana Real Estate


According to census data in the year 2000 there were 1,847,181 housing units in Louisiana. This represents a 7.6% from 1,716,241 in 1990.

Of those housing units, 1,331,862 were located in either urbanized areas or urban clusters, and 515,319 were located in what is classified as a rural area.

Homeownership rate in Louisiana is about 67.9%. Louisiana's vacancy rate, including seasonal lodging, is about 10.3%. Average household size is 2.62 people.

The majority of houses, apartments or condos in Louisiana were built after 1973.

Statistics

Housing Size

Housing Units by Size
Studio Type1.7%
One Bedroom11.7%
Two Bedrooms29%
Three Bedrooms44.5%
Four Bedrooms11.4%
Five Bedrooms or more1.7%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1974
Median Value of occupied units$85,000
Median Price asked for vacant units$59,900

Rented Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1971
Median Monthly Rent asked for vacant units$367

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage6.1%
Home Equity Loan4.0%
Simple Mortgage49.4%
Debt Free40.3%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.1%

Cities & Towns


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