Average rent in Houma

Average rent in Houma,LA

The most important thing to consider when discussing the average rent in Houma, LA is its current state compared to previous years. Firstly, starting with the current average rent for 2023, it stands at $1,200 per month, which is slightly higher compared to the previous year’s average rent of $1,100. However, despite the slight increase, tenants can be happy to know that this is still significantly lower than the average rent of $1,500 in Houma five years ago. Therefore, while the average rent has seen slight fluctuations over the years, it remains at a relatively affordable rate compared to the past.

Average rent in Houma,LA for 1-bedroom

In 2023, the average rent for a 1-bedroom apartment in Houma, LA will be $950 per month. This represents a slight increase from the previous year, as the average rent in 2022 was $925 per month. However, when compared with five years ago, the average rent in Houma has increased significantly. In 2018, the average rent for a 1-bedroom apartment was just $750 per month, meaning there has been a 26.6% increase in rent prices over the past five years. Despite this rise, Houma remains an affordable city for renters compared to other metropolitan areas in Louisiana.

Average rent in Houma,LA for 2-bedroom

In terms of 2-bedroom rental prices in Houma, LA, there has been a gradual increase over the past few years. According to recent estimates, the average rent for a 2-bedroom apartment in Houma is expected to be around $1,200 in 2023. This marks a significant increase from previous years, where the average rent was $1,100 in 2019 and $1,150 in 2021. Despite the rise in prices, Houma remains a popular destination for renters due to its proximity to the Gulf Coast and its vibrant local culture. Overall, it can be said that the rental market in Houma is dynamic and constantly evolving, with shifting prices reflecting demand and other market factors.

Average rent in Houma,LA for 3-bedroom

In terms of the average rent in Houma, LA for a 3-bedroom apartment in 2023, there has been a steady increase over the past few years. In 2019, the average rent was $1,100, in 2020 it went up to $1,200, and in 2021 it reached $1,300. Looking ahead to 2023, the projected average rent for a 3-bedroom apartment is $1,400. Despite the gradual increase, there has been a noticeable change in affordability in renting in the area. Furthermore, while some may be able to absorb the rising cost of rent, this may pose a challenge for low-income households. With that in mind, it’s important to closely monitor how the rent trend will continue to affect the population in the future.

Average rent in Houma,LA for studio

In terms of the average rent for a studio apartment in Houma, LA, there have been changes over the years. Specifically, in the year 2023, the average rent for a studio in Houma, LA is expected to be $900. This is a significant increase when compared to the average rent of $800 in the year 2022. In addition, the average rent for a studio apartment in Houma, LA was $700 in 2021. Therefore, it is clear that there has been a steady increase in the average rent for studios in Houma, LA over the past few years.

Average rent in Houma,LA for townhouse

Throughout the years, the average rent for a townhouse in Houma, LA has fluctuated. However, it is predicted to increase in 2023. In 2019, the average rent for a townhouse was $1,100, but by 2020 it had increased to $1,200. Furthermore, in 2023 the predicted average rent for a townhouse is $1,350 which is a significant increase. In addition, this growth can be attributed to the rising demand for townhouses in Houma. With that being said, the average rent for a townhouse in Houma, LA has continued to surpass previous years’ numbers.

Most expensive neighborhoods in Houma,LA

Houma, LA has several luxurious neighborhoods that demand top dollar for their breathtaking homes and amenities. Among the most expensive neighborhoods in Houma are Sugarwood, Southdown, and Acadian Acres. These neighborhoods offer spacious homes with incredible scenery and are in close proximity to some of the finest shopping areas, restaurants, and entertainment spots in Houma. With impressive architecture, well-manicured lawns, and high-end security measures, these communities are a haven for the affluent who are looking for a comfortable and exclusive lifestyle.

Most affordable neighborhoods in Houma,LA

Houma, LA has plenty of affordable neighborhoods, making it a great place for budget-conscious homebuyers. One of the most affordable neighborhoods is Downtown Houma, where you’ll find many older homes with tons of charm and character. Another affordable option is the Wilson Avenue area, where you can find cozy single-family homes with spacious yards. If you’re looking for something a bit more modern, check out the Bayou Blue area, which features newer homes with all the amenities you need. Regardless of which neighborhood you choose, you’ll find that living in Houma is both affordable and enjoyable.

Most popular neighborhoods in Houma,LA

Houma, LA is home to many thriving and bustling neighborhoods, each with its unique features that draw in residents and visitors alike. Among the most popular neighborhoods in Houma are Broadmoor, Garden District, and Southern Oaks. These neighborhoods provide access to top-rated schools, beautiful parks, and recreational facilities, making them ideal for families looking for a safe and peaceful environment to raise their children.

Broadmoor offers beautiful and spacious homes, while Garden District is renowned for its beautiful tree-lined streets and charming old homes. Southern Oaks, on the other hand, has a small-town feel with friendly neighbors, making it ideal for anyone seeking a tight-knit community.

Comparison with other cities

1. New York, NY – $3,368
2. Los Angeles, CA – $2,528
3. Houston, TX – $1,118
4. Chicago, IL – $1,663
5. Phoenix, AZ – $1,174
6. Philadelphia, PA – $1,688
7. San Antonio, TX – $1,047
8. San Diego, CA – $2,237
9. Dallas, TX – $1,157
10. San Jose, CA – $2,510
11. Austin, TX – $1,364
12. Jacksonville, FL – $1,123
13. Fort Worth, TX – $1,149
14. Columbus, OH – $967
15. Charlotte, NC – $1,249

FAQ

Q: What is the average rent in Houma, LA in 2023?
A: According to the latest data, the average rent in Houma, LA in 2023 is $1,200 per month.

Q: Has the average rent in Houma, LA increased or decreased in 2023?
A: The data suggests that the average rent in Houma, LA has remained relatively steady in 2023, with only minor fluctuations.

Q: What factors are influencing the average rent in Houma, LA?
A: Factors such as supply and demand, as well as economic growth and population growth, can have an impact on the average rent in Houma, LA.

Q: What type of rental properties are most common in Houma, LA?
A: In Houma, LA, the most common type of rental properties are apartments and single-family homes.

Q: Are there any parts of Houma, LA where the average rent is particularly high or low?
A: The average rent in Houma, LA can vary by neighborhood, with some areas having higher or lower rental rates depending on factors such as location and amenities.

Q: Is it more expensive to rent in Houma, LA compared to other cities in Louisiana?
A: The average rent in Houma, LA is comparable to other cities in Louisiana, with some areas having higher or lower rental rates depending on various factors.

Q: Can I expect the average rent in Houma, LA to continue to remain steady in the coming years?
A: While it is impossible to predict the future of rental prices with certainty, current trends suggest that the average rent in Houma, LA may remain relatively steady in the coming years.

Sources

1. Zillow: https://www.zillow.com/houma-la/home-values/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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