LaSalle Parish

LaSalle Parish sits at the affordable end of the Louisiana market, with a median home price of $146,810 and home price appreciation that is essentially flat at 0.98% year-over-year. The affordability index of 99 out of 100 is one of the highest numbers you will find anywhere in the state, and the parish ranks 8th out of 64 Louisiana parishes overall, landing in the 77th percentile nationally. What is conspicuously absent from the data is any reported rent, cap rate, or cash-on-cash return, which means the income side of the equation cannot be verified from this dataset. That is itself important information: LaSalle is a small, thinly traded market of just under 15,000 people, and meaningful rent comparables may simply not exist in sufficient volume to produce reliable estimates. Any underwrite here requires boots-on-ground rent surveys rather than reliance on aggregated data.

Given the zeros across cap rate, cash flow, and cash-on-cash return, this parish cannot be evaluated as a cash-flow play on current published numbers. The appreciation score of 60 and the near-zero price growth suggest it is not a classic appreciation market either. What the affordability index and the sub-$150,000 median price do suggest is a potential value-add or deep-discount market, the kind of place where an investor who can identify distressed assets, force appreciation through renovation, and hold without depending on strong rent-to-price ratios might find opportunity. The overall score of 68 is respectable given the thin data environment, but an investor expecting to model a stabilized cash-flow yield from day one has no reliable numbers to anchor that model here.

The taxInsurance data provides one genuine underwriting tailwind. The state-average effective property tax rate for Louisiana is 0.55%, which flags as low, and combined with an insurance rate of 0.66%, the blended monthly tax-and-insurance carry on a $146,810 asset comes to approximately $148 per month, or about $1,776 annually. That is a real cost advantage relative to higher-tax states and should show up favorably on any pro forma. The caveat here is meaningful: this is a state-average estimate per Tax Foundation 2024 data, and actual rates at the parish or township level can differ, so confirm the local millage before closing. Louisiana's insurance environment also warrants scrutiny at the property level, particularly for older construction, since state-average figures can mask significant variance depending on location and structure type.

The neighbor comparison helps clarify where LaSalle Parish sits in context. Iberia Parish, with a median home price of $134,124 and a gross rent-to-price ratio of 10.6%, and Caddo Parish, at $138,170 and a 9.1% rent-to-price ratio, both offer similar affordability but with documented rental income data that makes underwriting far more tractable. Jefferson Parish ($261,373, 7.1%) and Livingston Parish ($246,195, 7.8%) are priced roughly 70% higher and serve a different buyer profile. West Baton Rouge Parish ($249,157, 6.3%) has the thinnest yield among the comps. If the goal is cash-flow yield with documented numbers, Iberia is the more legible choice at a comparable price point, with a rent-to-price ratio that is among the highest of any parish in this peer group. LaSalle becomes the better choice over its neighbors only if an investor has proprietary knowledge of local rents, a specific value-add deal in hand, or a strategy that does not depend on published rent data for underwriting.

The primary risks here are concentration and illiquidity. A population of 14,764 means the renter pool is small, vacancy swings can be sharp and unpredictable, and exit liquidity is limited. A single large employer departure or demographic outflow would have outsized impact on rents and values in a county this size. No economic anchor data was provided, so the stability of the local employment base cannot be assessed from available information. The stability score of 50 reflects that uncertainty directly. An investor entering LaSalle Parish is accepting meaningful information risk alongside the price affordability benefit, and that tradeoff only makes sense with local intelligence that the aggregate data cannot provide.