St Mary Parish Area Home Supply Charts

This page looks at a variety of St Mary Parish Louisiana housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. St Mary Parish depicts it has a Housing Units of 22,561 which is in the mid point range of other counties in the metro area.

Figure 2 illustrates the housing density in the St Mary Parish housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) St Mary Parish depicts it has a Housing Density of 40.6 which is the second most housing densities of all the counties in the greater St Mary Parish region. The county with the highest housing density in the area is Iberia Parish which depicts a density of 53.7 (32.2% larger). Comparing housing density to the United States average of 39.5, St Mary Parish is only about 2.7% larger. Also, benchmarked against the state of Louisiana, housing density of 47.8, St Mary Parish is about 17.7% smaller.

In Figure 3, St Mary Parish area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. St Mary Parish indicates it has a Housing Unit Change of -2.0% which is the second smallest as measured by change in the housing units of all the other counties in the surrounding region. The county with the highest change in the housing units in the area is Terrebonne Parish which shows a housing units of 7.2% (approximately 3.5 times bigger). Comparing change in the housing units to the United States average of 7.4%, St Mary Parish is about the same size. Also, measured against the state of Louisiana, change in the housing units of 5.2%, St Mary Parish is about the same size.

Figure 4 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) St Mary Parish shows it has a Renter Percent of 34.0% which is the largest of all counties in the greater St Mary Parish region. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 66.0% which is the smallest in order of owner percent of all the other counties in the local area.

St Mary Parish Home Cost Charts

Figure 7 provides aggregate comparative data for the St Mary Parish Louisiana metro area in terms of the median housing rental rate, apartment rent, etc. St Mary Parish indicates it has a Median Gross Rent of $799 which is the third most rental rates of all other counties in the greater St Mary Parish region. The county with the highest rental rates in the area is Terrebonne Parish which depicts a rental rates of $913 (14.3% larger). Comparing rental rates to the United States average of $1,163, St Mary Parish is approximately three-fourths the size. Also, compared to the state of Louisiana, rental rates of $923, St Mary Parish is about 15.5% smaller.

Median owner costs for the real estate market are shown in Figure 8 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. St Mary Parish depicts it has a Median Owner Cost of $532 which is in the center range of other counties in the greater region. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the St Mary Parish metro area. it has a Owner Cost as % of HH Income of 15% which is more than all other counties in the greater St Mary Parish region. The next chart, Figure 10, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. St Mary Parish depicts it has a Median Home Value as Percent of Median Earnings of 261% which is the second smallest in terms of median home value as a percent of median worker earnings of all the other counties in the local area.

Next shown in Figure 11 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) St Mary Parish depicts it has a % of Income Owner Costs-With Mortgage of 20% which is the third most cost as a percent of household income of all other counties in the greater St Mary Parish region. The county with the highest cost as a percent of household income in the area is Assumption Parish which depicts a cost as a percent of household income of 21% (only about 6.0% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 12. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. St Mary Parish shows it has a % of Income Owner Costs-No Mortgage of 10% which is the largest of all counties in the greater St Mary Parish region.

Figure 13 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) St Mary Parish has the smallest proportion of rent as a percent of income is between 10pct to 20pct at 14% of the total. Second, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 17% of the total and is ranked #1. Third, it has the smallest proportion of rent as a percent of income is between 30pct to 40pct at 4% of the total.

Figure 14 shows the total housing cost for both home owners and apartment community renters in the area. St Mary Parish has the smallest proportion of housing cost between $1,000 and $1,500 at 4% of the total. Second, it has the smallest proportion of housing cost between $1,500 and $2,000 at 2% of the total.

Figure 15 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $441 which is the smallest in order of median real estate taxes paid of all the other counties in the local area. The county with the highest median real estate taxes paid in the area is St James Parish which depicts a taxes paid of $848 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,690, St Mary Parish is approximately a sixth the size. Also, benchmarked against the state of Louisiana, median real estate taxes paid of $983, St Mary Parish is approximately half the size.

St Mary Parish Home Characteristics Charts

Figure 19 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1976 which is the smallest when ranked by year built of all the other counties in the local area. The county with the highest year built in the area is St Martin Parish which depicts a year built of 1984 ( about the same size).

Figure 20 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built in 2020 or later at 5% of the total. Second, it has the smallest proportion of homes built between 2010 to 2019 at 12% of the total. Third, it has the largest proportion of homes built between 1970 to 1979 at 17% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1960 to 1969 at 12% of the total and is ranked #1. Figure 21 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2019 or later at 13% of the total. Figure 22 shows the year that people who rent moved into the area. St Mary Parish has the largest proportion of renters moved in 2019 or later at 55% of the total and is ranked #1.