The average home price in Louisiana stands at $184,000 as of early 2025, notably below the national median of $420,000. This affordability makes the state an appealing option for homebuyers, especially first-time buyers or those looking to relocate to a less expensive housing market. Among Louisiana cities, New Orleans has the highest median home price at around $263,000, while areas like Shreveport are considerably more affordable, with median prices just under $150,000.
Rising mortgage interest rates—which currently average around 6.7% for a 30-year fixed-rate loan—are impacting Louisiana buyers, influencing monthly mortgage payments and buyer demand. Despite these elevated rates, many regions in the state continue to experience steady demand due to their relative affordability. The wide range in housing costs across Louisiana provides opportunities for various types of buyers, from investors to families looking to settle in a more budget-friendly environment.
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