As the capital of Louisiana, this area has long maintained a stable market with little fluctuation, supported by government agencies, LSU University, and the petrochemical industry. However, the changes over the past five years have not spared this city.

At the beginning of 2021, the median home price was around $210,000, and as of 2026, it is estimated to be around $250,000. The cumulative increase over five years is about 19%.

From 2021 to 2022, there was a slight increase due to the nationwide pandemic boom, but after 2022, the rate of increase significantly slowed. In particular, in recent years, rising flood insurance premiums and property taxes have limited price increases.

Compared to the national average increase estimated at 35-45%, this area is clearly on the lower side. Many believe that the unique insurance burdens of the Gulf Coast are holding back the overall market.

The slow population growth, limited influx of new industries, and rising insurance costs have contributed to the gradual increase in prices.

The primary concern is likely, 'Can I afford the insurance burden if I buy a house now?' The future market is expected to be heavily influenced by the trends in insurance premiums and property taxes, with a greater likelihood of a stable flow rather than a sharp rebound.

For Korean households, the relatively low entry price is attractive, but it seems wise to carefully consider the actual living costs, including insurance premiums, before making a decision.