What is the cheapest city to buy a house in Louisiana?

New Iberia, with a median closed price of $169,000 over its reporting window, among Louisiana cities where Resideline tracked at least 100 closings inside the city limits.

Are these asking prices or sale prices?

Closed sale prices. Every price median is the price homes actually closed at inside the municipal boundary, not a listing price. The one column measured differently is realized appreciation, which uses the postal city, as the note under the table says.

Why does a cheap city show a high price per square foot?

Because the ranking median covers every property type that closed, condos and multi-family included, while the $/sqft column is single-family houses only. In cities where most sales are condos, the median price is low and the house $/sqft can still be high.

Is the appreciation figure a forecast?

No. It is the median annual change between consecutive sales of the same home, on repeat-sale pairs. It is historical and nominal, and it says what happened, not what will.

Cheapest Cities to Buy a House in Louisiana (2026)

Every Louisiana city below cleared 100 closings in its window and is ranked by the median price homes actually closed at, not the asking price. The columns beside it are the questions that follow a low price: what you pay per square foot, what the same homes did on resale, and how quickly listings go.

The ranking

#	City	Median closed price	Houses $/sqft	Realized appreciation	Days to contract	Closings	Window
1	New Iberia	$169,000	$110	n/a	25	200	12 months
2	Houma	$185,000	$118	n/a	54	302	12 months
3	Alexandria	$188,750	$109	n/a	33	306	12 months
4	Slidell	$189,500	$118	n/a	24	191	six months
5	Marrero	$189,999	$133	n/a	21	193	12 months
6	Thibodaux	$190,000	$139	n/a	52	128	12 months
7	Shreveport	$199,000	$117	n/a	33	1,091	six months
8	Sulphur	$200,000	$117	n/a	44	150	six months
9	West Monroe	$203,000	$119	n/a	21	127	12 months
10	Lake Charles	$229,000	$128	n/a	36	570	six months
11	Denham Springs	$229,900	$146	n/a	30	136	12 months
12	Bossier City	$234,056	$140	n/a	26	422	six months
13	Hammond	$235,000	$133	n/a	30	162	12 months
14	Baton Rouge	$239,900	$147	n/a	23	1,009	six months
15	Lafayette	$250,000	$145	n/a	33	839	six months

1. New Iberia, $169,000

New Iberia's median closed price over the last 12 months was $169,000, around 65 percent of what the typical Louisiana sale closed at. 200 closings sit behind that figure, about 17 a month, enough to price against. Single-family houses closed at a median of $110 per square foot across 189 sales with usable living area. The median listed home took 25 days to go under contract, across 177 listed closings. Full detail is on the New Iberia market page.

2. Houma, $185,000

Houma's median closed price over the last 12 months was $185,000, around 71 percent of what the typical Louisiana sale closed at. Resideline tracked 302 closings there, roughly 25 a month. On a per-square-foot basis, houses there closed at a median of $118, measured on 295 sales. The median listed home took 54 days to go under contract, across 217 listed closings. Full detail is on the Houma market page.

3. Alexandria, $188,750

Homes in Alexandria closed at a median of $188,750 over the last 12 months, about 72 percent of the Louisiana statewide median. 306 closings sit behind that figure, about 26 a month, enough to price against. Single-family houses closed at a median of $109 per square foot across 274 sales with usable living area. The median listed home took 33 days to go under contract, across 138 listed closings. About 7.7 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Alexandria market page.

4. Slidell, $189,500

Homes in Slidell closed at a median of $189,500 over the last six months, about 72 percent of the Louisiana statewide median. Resideline tracked 191 closings there, roughly 32 a month. On a per-square-foot basis, houses there closed at a median of $118, measured on 174 sales. Listed homes went under contract in a median of 24 days, which is fast for the state and leaves little time to deliberate. Full detail is on the Slidell market page.

5. Marrero, $189,999

The median closed price in Marrero is $189,999 across the last 12 months, which puts it at roughly 73 percent of the state figure. 193 closings sit behind that figure, about 16 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $133, measured on 184 sales. The median listed home was under contract in 21 days, so a buyer here needs financing lined up before the search, not after. Full detail is on the Marrero market page.

6. Thibodaux, $190,000

Homes in Thibodaux closed at a median of $190,000 over the last 12 months, about 73 percent of the Louisiana statewide median. Only 128 homes closed in the window, roughly 11 a month, so the median is directional and the resale market is shallow. On a per-square-foot basis, houses there closed at a median of $139, measured on 108 sales. The median listed home took 52 days to go under contract, across 97 listed closings. Full detail is on the Thibodaux market page.

7. Shreveport, $199,000

Shreveport's median closed price over the last six months was $199,000, around 76 percent of what the typical Louisiana sale closed at. 1,091 closings sit behind that figure, about 182 a month, enough to price against. Single-family houses closed at a median of $117 per square foot across 990 sales with usable living area. The median listed home took 33 days to go under contract, across 750 listed closings. About 8.1 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Shreveport market page.

8. Sulphur, $200,000

The median closed price in Sulphur is $200,000 across the last six months, which puts it at roughly 76 percent of the state figure. 150 closings sit behind that figure, about 25 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $117, measured on 142 sales. The median listed home took 44 days to go under contract, across 120 listed closings. Full detail is on the Sulphur market page.

9. West Monroe, $203,000

The median closed price in West Monroe is $203,000 across the last 12 months, which puts it at roughly 78 percent of the state figure. That rests on 127 closings, about 11 a month, which is a thin market: a buyer's comparable set and eventual exit both depend on a small pool. On a per-square-foot basis, houses there closed at a median of $119, measured on 113 sales. Listed homes went under contract in a median of 21 days, which is fast for the state and leaves little time to deliberate. Full detail is on the West Monroe market page.

10. Lake Charles, $229,000

The median closed price in Lake Charles is $229,000 across the last six months, which puts it at roughly 87 percent of the state figure. 570 closings sit behind that figure, about 95 a month, enough to price against. Single-family houses closed at a median of $128 per square foot across 525 sales with usable living area. Listed homes went under contract in a median of 36 days. About 7.0 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Lake Charles market page.

11. Denham Springs, $229,900

The median closed price in Denham Springs is $229,900 across the last 12 months, which puts it at roughly 88 percent of the state figure. Only 136 homes closed in the window, roughly 11 a month, so the median is directional and the resale market is shallow. On a per-square-foot basis, houses there closed at a median of $146, measured on 132 sales. Listed homes went under contract in a median of 30 days. Full detail is on the Denham Springs market page.

12. Bossier City, $234,056

Bossier City's median closed price over the last six months was $234,056, around 89 percent of what the typical Louisiana sale closed at. Resideline tracked 422 closings there, roughly 70 a month. Single-family houses closed at a median of $140 per square foot across 400 sales with usable living area. The median listed home took 26 days to go under contract, across 279 listed closings. Full detail is on the Bossier City market page.

13. Hammond, $235,000

Hammond's median closed price over the last 12 months was $235,000, around 90 percent of what the typical Louisiana sale closed at. 162 closings sit behind that figure, about 14 a month, enough to price against. Single-family houses closed at a median of $133 per square foot across 151 sales with usable living area. The median listed home took 30 days to go under contract, across 92 listed closings. Full detail is on the Hammond market page.

14. Baton Rouge, $239,900

Homes in Baton Rouge closed at a median of $239,900 over the last six months, about 92 percent of the Louisiana statewide median. Resideline tracked 1,009 closings there, roughly 168 a month. On a per-square-foot basis, houses there closed at a median of $147, measured on 772 sales. Listed homes went under contract in a median of 23 days, which is fast for the state and leaves little time to deliberate. Full detail is on the Baton Rouge market page.

15. Lafayette, $250,000

Homes in Lafayette closed at a median of $250,000 over the last six months, close to the statewide median. 839 closings sit behind that figure, about 140 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $145, measured on 731 sales. Listed homes went under contract in a median of 33 days. Full detail is on the Lafayette market page.

Note: realized appreciation is the one column measured on the postal city, from repeat sales of the same home across the ZIP codes that share the city's name; every other figure is confined to the municipal boundary.

How to read this list

Treat it as a shortlist. A citywide median cannot price a specific address, and the cheapest city on paper can be the most expensive per square foot or the slowest to resell. Run any address here through Resideline for the comparable sales behind its value.

Figures last updated September 5, 2026 from closings Resideline tracked. Appreciation is the median annual change between consecutive sales of the same home; it is historical, nominal and not a projection.