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 Type | 1.7% |
| One Bedroom | 11.7% |
| Two Bedrooms | 29% |
| Three Bedrooms | 44.5% |
| Four Bedrooms | 11.4% |
| Five Bedrooms or more | 1.7% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $85,000 |
| Median Price asked for vacant units | $59,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $367 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 6.1% |
| Home Equity Loan | 4.0% |
| Simple Mortgage | 49.4% |
| Debt Free | 40.3% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
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