Louisiana Retains Larger Share Of Homes Under $200,000 Than Many States

 


BATON ROUGE, Louisiana (LAAN 54) — Louisiana continued to have a comparatively large share of owner-occupied homes valued below $200,000 in 2024, even as the state’s share declined over five years.


An analysis of U.S. Census Bureau American Community Survey data found that 59.39% of Louisiana’s owner-occupied homes were valued below $200,000 in 2019. By 2024, that share had fallen to 43.56%, a decline of 15.83 percentage points.


The estimated number of owner-occupied homes below the threshold decreased from approximately 688,000 to 548,000. Over the same period, Louisiana’s total owner-occupied housing stock increased from roughly 1.16 million to 1.26 million homes.


Louisiana ranked 33rd among states for the largest percentage-point decline, meaning its drop was smaller than those recorded in many other states.


The analysis by Underwood Law Firm defined homes below $200,000 as affordable for the purposes of the study. That definition does not account for household income, mortgage costs, property taxes, insurance or other expenses that affect what families can afford.


The figures are Census estimates rather than active real estate listings. Homes that increased in value beyond $200,000 may account for some of the decline, and the data does not establish that the properties disappeared from the housing stock.


The threshold also remained fixed rather than being adjusted for inflation.


For Louisiana communities, the findings provide a statewide measure of changing home values, but they do not establish affordability conditions in any individual parish or city.

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