Cost of Living in Red River Parish, Louisiana

$731/mo
Median Monthly Rent
$103,200
Median Home Value
16% below state averageUnaffordable

At a Glance

Median Monthly Rent
$731/mo
16% below state average
Median Home Value
$103,200
63% below national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Red River Parish Compares

Median monthly rent comparison

Red River Parish$731/mo
Louisiana Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$731/mo
Median Gross Rent
$103,200
Median Home Value
$560/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Red River Parish, Louisiana

Red River rents eat 19.7% of income

Red River Parish residents spend nearly one-fifth of their income on rent, slightly above the national benchmark of affordability. With a median household income of $44,539 and median rent at $731 per month, housing costs here track close to the state average rent-to-income ratio of 19.5%, meaning renters face affordability pressure comparable to Louisiana overall.

Middle of the pack in Louisiana

Red River Parish ranks in the middle tier of Louisiana parishes for rental affordability, with a rent-to-income ratio slightly above the state average of 19.5%. While median rent of $731 is $142 below the state average, incomes here are also notably lower at $44,539—limiting the affordability advantage.

Cheaper than nearby Richland Parish

Red River's median rent of $731 undercuts neighboring Richland Parish by $105 monthly, though both parishes hover near identical rent-to-income ratios around 19%. Red River offers slightly better value for renters, even as both communities struggle with income-to-housing gaps compared to state averages.

Rent and ownership both strain budgets

Renters in Red River Parish pay $731 monthly (19.7% of income), while homeowners with mortgages spend $560 (15% of income)—a $171 monthly gap favoring ownership. The median home value of $103,200 remains accessible, making purchase-ready households the clear affordability winners here.

Red River works for budget-conscious buyers

If you're considering a move to Louisiana, Red River Parish delivers lower housing costs than state and national averages, with median home values under $104,000. Renters should weigh the tight 19.7% ratio against potential homeownership savings, while buyers will find the most accessible entry prices in this corner of the state.

Affordability Calculator

See how your income compares to housing costs in Red River Parish

$

Rent Burden

19.7%

of gross income

Max Housing (28% Rule)

$1,039

per month

Owner Cost Burden

15.1%

of gross income

You can likely afford the median home in Red River Parish

Median home value is $103,200. Estimated monthly cost: $824 vs. your max of $1,039.

Rent Affordability Guide

Your rent-to-income ratio19.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Red River Parish, Louisiana?
Red River Parish, Louisiana has a median monthly rent of $731/mo and a median home value of $103,200. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Red River Parish?
The median gross rent in Red River Parish is $731/mo. This is 16% below state average for Louisiana.
Is Red River Parish affordable?
Red River Parish is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Red River Parish's rent compare to the state average?
Red River Parish's median rent of $731/mo is 16% below state average of $873/mo for Louisiana.
What is the median home value in Red River Parish?
The median home value in Red River Parish, Louisiana is $103,200. This is 63% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.