Rent vs Buy in Louisiana
Compare 2 cities across Louisiana. Find out whether renting or buying makes more financial sense in your area.
2cities analyzed
Avg Home:$227,500
Avg Rent:$1,250/mo
Avg Price/Rent:15.2
Louisiana Housing Market Summary
2
Cities Analyzed
2
Favor Buying
0
Favor Renting
0
Toss-Up
Across Louisiana's 2 analyzed cities, the majority (2 cities) favor buying over renting. This suggests Louisiana generally offers good value for homebuyers.
The average home price in Louisiana is $227,500, with average rents at $1,250/month. This gives an average price-to-rent ratio of 15.2.
All Louisiana Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| New Orleans | $250,000 | $1,350 | 15.4 | 5 yrs | Buy |
| Baton Rouge | $205,000 | $1,150 | 14.9 | 6 yrs | Buy |
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