Similar to the surrounding areas, it's a lot less expensive compared to the rest of the country. It's significantly less expensive compared to the city of Baton Rouge.
Home prices
The median home in New Iberia is valued at $114,600. Compared to nearby areas this is about $5,940 (4%) lower.Compared to the country as a whole it is approximately $102,900 (47%) lower, and in comparison to the city of Baton Rouge it is roughly $59,400 (34%) lower.
Rents
The median monthly rent in New Iberia is $762. Compared to its surrounding areas this is about $21 (2%) higher.In comparison to the United States as a whole it is about $300 (28%) lower, and compared to the city of Baton Rouge is about $117 (13%) lower.
Nearby places
Loreauville
Loreauville is about 6 miles northeast from New Iberia. Its housing prices are a bit less expensive. The median home in Loreauville is valued at $87,900, which works out to $26,700 (30%) lower than New Iberia. The rent there is somewhat less expensive. In Loreauville the median rent is $594 per month, which works out to $168 (28%) lower than New Iberia.
St. Martinville
St. Martinville is approximately 9 miles north from New Iberia. The housing prices there are somewhat more expensive. The price of the median home in St. Martinville is $125,600, which works out to $11,000 (8%) higher than New Iberia. The rent there is somewhat less expensive. The median monthly rent in St. Martinville is $602, which works out to $160 (26%) lower than New Iberia.
Delcambre
Delcambre is about 10 miles southwest of New Iberia. Its housing prices are substantially less expensive. Delcambre's median home price is $81,800, which is $32,800 (40%) lower than New Iberia. Its rents are a little less expensive. The median rent in Delcambre is $634 a month, which comes out to $128 (20%) lower than New Iberia.
Jeanerette
Jeanerette is approximately 10 miles southeast of New Iberia. The real estate prices there are substantially less expensive. Jeanerette's median home value is $84,600, which comes out to $30,000 (35%) lower than New Iberia. Rents there are a bit less expensive. In Jeanerette the median monthly rent is $725, which comes out to $37 (5%) lower than New Iberia.
Youngsville
Youngsville is about 11 miles northwest from New Iberia. Its housing prices are significantly more expensive. Youngsville's median home cost is $222,800, which works out to $108,200 (48%) higher than New Iberia. Rent there is a lot more expensive. In Youngsville the median rent is $1,150 a month, which comes out to $388 (33%) higher than New Iberia.
