5 Most Inexpensive Locations to Reside in Louisiana in 2023

“The Bayou State,” is filled with wealthy historical past and iconic spots – from its swamps and bayous within the Atchafalaya Basin to Mardi Gras and the French Quarter. Louisiana’s distinctive cities, traditions, and heat local weather provide many causes to contemplate dwelling within the state. So if you wish to reside someplace in Louisiana then likelihood is you even have a price range you’re hoping to remain beneath in your house or house search. With regards to shopping for a house in Louisiana the median residence sale value is $289,900. 

Don’t fear if that quantity doesn’t slot in your price range – we’ve obtained choices that can assist you discover a residence or house that does. Redfin has compiled a listing of the 5 of essentially the most inexpensive locations to dwell in Louisiana, and so they all have a median residence sale value beneath the state’s common. From Shreveport to Baton Rouge, let’s soar in and see what cities are on the listing.

#1: Shreveport

Median residence value: $203,000 
Common sale value per sq. foot: $111 
Common lease for a 1-bedroom house: $1,016 
Median family earnings: $40,809 
Nearest main metro: Dallas, TX (190 miles)
Shreveport, LA houses on the market
Shreveport, LA flats for lease

With a median residence sale value of $203,000, Shreveport takes the primary spot on our listing of inexpensive locations to dwell in Louisiana. About 190 miles away from Dallas, TX, the closest metro, Shreveport is residence to roughly 187,600 folks. Dwelling in Shreveport, you’ll be able to discover the riverfront space the place you’ll discover parks like Veterans Park, go to museums like Sci-Port Discovery Heart and Spring Road Historic Museum, and spend the afternoon at Cross Lake.

#2: Lake Charles

Median residence value: $216,650 
Common sale value per sq. foot: $105 
Common lease for a 1-bedroom house: $849 
Median family earnings: $44,785 
Nearest main metro: Beaumont, TX (60 miles)
Lake Charles, LA houses on the market
Lake Charles, LA flats for lease

Coming in because the second most inexpensive metropolis to dwell in Louisiana is Lake Charles. When dwelling on this metropolis of 84,900 folks, you’ll be able to discover downtown Lake Charles, take a look at the lakefront parks like Bord Du Lac Park and Millennium Park, and spend time at North Seaside on the shores of Lake Charles.

#3: Baton Rouge

Median residence value: $231,329 
Common sale value per sq. foot: $135 
Common lease for a 1-bedroom house: $1,014 
Median family earnings: $44,177 
Nearest main metro: New Orleans (85 miles)
Baton Rouge, LA houses on the market
Baton Rouge, LA flats for lease

Subsequent is town of Baton Rouge, which has about 227,500 residents. The median residence sale value is $231,329 which is about $50K lower than the median residence sale value in Louisiana. If you end up shifting to Baton Rouge, be certain that to go to the Louisiana State Capitol and Louisiana’s Outdated State Capitol constructing down the road, take a look at the Milford Wampold Memorial Park, and uncover the reveals at Louisiana Artwork & Science Museum. 

#4: Bossier Metropolis

Median residence value: $236,000 
Common sale value per sq. foot: $141 
Common lease for a 1-bedroom house: $1,080 
Median family earnings: $44,785 
Nearest main metro: Shreveport (2 miles)
Bossier Metropolis, LA houses on the market
Bossier Metropolis, LA flats for lease

Just a little dearer than Baton Rouge is none aside from Bossier Metropolis. There are a number of high points of interest chances are you’ll wish to take a look at in Bossier Metropolis. Ensure that to discover the expansive Pink River Nationwide Wildlife Refuge, and take a look at downtown Bossier Metropolis.

#5: Lafayette

Median residence value: $240,000 
Common sale value per sq. foot: $136 
Common lease for a 1-bedroom house: $1,296 
Median family earnings: $44,785 
Nearest main metro: Baton Rouge (55 miles)
Lafayette, LA houses on the market
Lafayette, LA flats for lease

The ultimate metropolis on our listing of inexpensive locations to dwell in Louisiana is Lafayette. House to 121,400 residents, this inexpensive city could be a nice possibility so as to add to your listing. Dwelling in Lafayette, you’ll be able to go to one of many historic websites and museums like Vermilionville Historic Village, LARC’s Acadian Village, and Hilliard Artwork Museum, discover Acadiana Park Nature Station, and stroll by downtown Lafayette.

Methodology: All cities will need to have over 50,000 residents per the US Census and have a median residence sale value beneath the typical median residence sale value in Louisiana. Median residence sale value and median sale value per sq. foot from the Redfin Knowledge Heart throughout July 2023. Common rental information from Rent.com July 2023. Inhabitants and median family earnings information sourced from the United States Census Bureau.