Grant Parish

Grant Parish sits at a median home price of $165,883 with year-over-year appreciation of just 1.4%, which tells you immediately that this is not an appreciation play. The affordability index of 94 and the parish's ranking at the 78th percentile nationally (169th out of 1,000 counties) suggests a market with genuine entry-point advantages, but the cash flow score of 0 is the number that dominates the conversation. Without rent, cap rate, or cash-on-cash figures in the data, a buyer cannot underwrite this deal from the top line alone, and that absence itself is a signal worth sitting with. What the data does confirm is a low acquisition price relative to most comparable Louisiana parishes and a population of 22,185, which means you are working with a thin, illiquid market where individual deal selection matters more than broad market momentum.

The investor profile that fits Grant Parish is narrow. An appreciation buyer will find the 1.4% price growth uninspiring, and without a cash flow score above zero, a pure income buyer has no quantitative basis for confidence here either. The affordability score of 94 out of 100 is genuinely useful for a value-add operator who can acquire below-market assets and manufacture equity through rehabilitation, since the low entry price of $165,883 compresses the absolute dollar risk even if the percentage returns are uncertain. A 20% down payment runs $33,177, which is a low capital commitment by any standard. The overall score of 69 and a stability score of 50 suggest the market is neither collapsing nor accelerating, a condition that can work for a patient operator who is not depending on market-level tailwinds to make the deal work.

No economic anchors or employer data were provided for Grant Parish, so the demand drivers behind rental occupancy cannot be assessed from this data set. What can be inferred from the population figure of 22,185 is that the renter pool is small. A single large employer departure or a demographic shift has an outsized effect in a market this size compared to a metro with several hundred thousand residents. Investors used to working in diversified urban markets should apply a liquidity discount to their target returns here.

The carry cost picture is a genuine tailwind. Louisiana's state-average effective property tax rate for this analysis is 0.55%, flagged as low, and the insurance rate used is 0.66%, producing an annual tax bill of $912 and annual insurance of $1,095. Combined, that is $167 per month in tax and insurance, which is materially favorable compared to high-tax states where that figure can run $500 to $800 per month on a similar-priced asset. That $167 monthly figure gives a value-add operator meaningful margin cushion during a rehab vacancy period. The honest caveat from the data source applies: the 0.55% figure is a state-average estimate from Tax Foundation 2024 data, and actual Grant Parish rates at the township or assessment district level may differ. Confirm the specific millage rate before closing.

The primary risk here is concentration and thin market depth. A 22,185-person parish with a low stability score of 50 means the rental market can move sharply on a single economic event, and resale liquidity will be limited if you need to exit. No vacancy or regulatory data was provided, so those risks cannot be quantified, but any investor underwriting this market should independently verify vacancy rates and verify whether Louisiana's landlord-tenant statutes create material eviction timeline risk in this jurisdiction.

Compared to its neighbors, Grant Parish's entry price of $165,883 is the lowest in the comparison set except for Iberia Parish at $134,124. Iberia, however, carries a rent-to-price ratio of 10.6%, which is the highest among all listed neighbors and a meaningfully better income yield on paper at that price point. If cash flow is the primary objective, Iberia's ratio warrants a direct comparison before committing to Grant. Livingston Parish at $246,195 and Jefferson Parish at $261,373 are priced out of the same affordability tier entirely, and their rent-to-price ratios of 7.8% and 7.1% respectively are lower despite the higher acquisition cost. Calcasieu Parish at $193,360 shows a rent-to-price ratio of 6.6%, making it the weakest income yield in the group relative to price. Grant Parish's case over its neighbors rests entirely on capital preservation, low carry costs, and low absolute downside exposure, not on yield or growth. Choose Grant over a neighbor only if you are deploying a small capital base into a value-add strategy and need the acquisition price to stay under $175,000, or if you have a specific on-market deal with confirmed rents that justify the income story the aggregate data cannot currently tell.