Similar to its surrounding areas, it is a bit less expensive compared to the United States as a whole. It's somewhat less expensive compared to the city of New Orleans.
Home prices
The cost of the median home in Houma is $157,600. It is about $4,480 (2%) higher compared to other places in this area.It is approximately $59,900 (27%) lower in comparison to the rest of the nation, and it is approximately $73,900 (31%) lower in comparison to the city of New Orleans.
Rents
The median rent in Houma is $778 per month. In comparison to its surrounding areas this is approximately $32 (3%) lower.In comparison to the United States as a whole it is roughly $284 (26%) lower, and it is about $220 (22%) lower compared to the city of New Orleans.
Nearby places
Bayou Cane
Bayou Cane is Houma's neighbor to the northwest. Its housing prices are pretty similar. Bayou Cane's median home value is $164,500, which works out to $6,900 (4%) higher than Houma. The rent there is a bit more expensive. In Bayou Cane the median rent is $958 per month, which works out to $180 (18%) higher than Houma.
Bayou Blue
Bayou Blue is approximately 4 miles northeast from Houma. The real estate prices there are fairly similar. Bayou Blue's median home cost is $156,500, which is very similar to Houma. The rent there is pretty similar. The median rent in Bayou Blue is $817 per month, which is $39 (4%) higher than Houma.
Gray
Gray is roughly 8 miles northwest of Houma. The housing prices there are pretty similar. The median home in Gray is valued at $150,200, which is $7,400 (4%) lower than Houma. Its rents are somewhat more expensive. Gray's median monthly rent is $917, which is $139 (15%) higher than Houma.
Lockport
Lockport is roughly 10 miles northeast of Houma. Its real estate prices are significantly less expensive. The price of the median home in Lockport is $103,800, which works out to $53,800 (51%) lower than Houma. Its rents are somewhat less expensive. The median rent in Lockport is $711 per month, which works out to $67 (9%) lower than Houma.
Lockport Heights
Lockport Heights is about 10 miles northeast from Houma. Its housing prices are a bit more expensive. The median home cost in Lockport Heights is $190,600, which works out to $33,000 (17%) higher than Houma. Rents there are a bit less expensive. In Lockport Heights the median rent is $646 a month, which is $132 (20%) lower than Houma.
