The #1 Cheapest City To Live in Louisiana Might Just Surprise You
When You Think of Affordable Homes in Louisiana What Towns Come to Mind?
The beauty of Louisiana is that it is full of historical and picturesque spots. Could Louisiana be home to one of the most iconic cities in America? We think New Orleans is one of the most wonderful places ever.
According to Redfin.com the Average Price of a Home in Louisiana is $289,000.
Could Louisiana be one of the best states for home ownership? According to data from the National Association of Realtors, the median price for a home was $410,200 in June 2023. Keep in mind that's nationwide. So you can say that with Louisiana having the median home sale price of $289,900, it really makes us feel like we can all afford a home.
Redfin compiled a list of the 5 of the most affordable places to live in Louisiana, how did they come up with these numbers? Here is what Redfin.com said "All cities must have over 50,000 residents per the US Census and have a median home sale price under the average median home sale price in Louisiana. Median home sale price and median sale price per square foot from the Redfin Data Center during July 2023. Average rental data from Rent.com July 2023. Population and median household income data sourced from the United States Census Bureau."
Here are the Top 5 Most Affordable Places to Live in Louisiana:
5: Lafayette.
The median home price is $240,000 and the average sale price per square foot is $136
The median household income in Lafayette is $44,785.
4: Bossier City.
The median home price is $236,000 and the average sale price per square foot is $141.
The median household income in Bossier is $44,785.
3: Baton Rouge
The median home price is $231,329 and the average sale price per square foot is $135
The median household income in Baton Rouge is $44,177.
2: Lake Charles
The median home price is $216,650 and the average sale price per square foot is $105. The median household income in Lake Charles is $44,785
1: Shreveport.
The median home price is $203,000 and the average sale price per square foot is $111. The median household income in Lake Charles is $40,809
Did this list shock you too?