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Terrebonne Parish, LA

RANK #865 / 996  ·  POP 108,862  ·  LA

PROJECTED GROWTH: -1.2%

Terrebonne Parish is losing people and economic momentum. This metro faces significant structural headwinds.

[01] Why Terrebonne Parish?

Terrebonne Parish, Louisiana, often called "Louisiana's Bayou Country," is known for its rich Cajun culture and extensive waterways. Houma, the parish seat, sits less than an hour southwest of New Orleans, offering a blend of small-town atmosphere with access to a major metropolitan area. The parish's landscape features bayous, swamps, and salt marshes, providing opportunities for fishing, boating, and eco-tourism. The Southdown Trail System in Houma offers trails for hikers and bikers. Good Earth Transit provides fixed-route bus services throughout the parish, and Amtrak's Sunset Limited line stops in Schriever, connecting residents to cities like New Orleans and Houston.

Life in Terrebonne Parish is characterized by a strong sense of community and a connection to its natural surroundings. The Terrebonne Parish Public School District serves over 15,000 students across 32 schools. The local economy, historically rooted in fishing, sugarcane, and oil and gas, is diversifying. Recent economic developments include investments in advanced manufacturing and medical technology, aiming to create new jobs and expand the region's economic base. The parish also focuses on coastal restoration efforts, including a hurricane protection system, to safeguard its environment and communities.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+3.3%

Above national median

Home Prices
-7.9%

Prices declining

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Terrebonne Parish U.S. National

The Numbers

DEMOGRAPHICS
Population
108,862
-1.12% YoY
Median Household Income
$63,088
Median Home Value
$174,400
-7.93% 12mo
Median Rent
$956
Average Annual Pay
$62,320
+2.6% YoY
Employment
47,894
+0.6% YoY
Income-to-Home-Value
0.3617
More affordable than average
Migration Inflow
2.7%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$182,500
Days on Market
126
Slower market
Months of Supply
7.2
Buyer's market
Sale-to-List Ratio
92.6%
Negotiation room for buyers
Sold Above List
15.5%
Listings w/ Price Drops
17.2%
Building Permits (2024)
300
Single-Family Permits
300

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$399M
TOTAL
PROJECT AMOUNT STATUS
Terrebonne Basin Barrier Island and Beach Nourishment Project (TE-0143)
Louisiana Coastal Protection and Restoration Authority (CPRA)
$160M Under Construction
BrainHUB Innovation Campus
Neuro.io (powered by MindMaze AI)
$100M Planned
Morganza to the Gulf Project (Levee Construction/Improvement)
Terrebonne Parish Consolidated Government
$100M Under Construction
The Oaks by the Bayou (Affordable Housing)
Renaissance Neighborhood Development Corporation, Volunteers of America (VOA)-MSW Development LLC
$39M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.3% 62 percentile
Population Growth -1.1% 2 percentile
Income Growth +8.9% 61 percentile
Vacancy Rate 0.9% 67 percentile
Home Price Change -7.9% 1 percentile
Rent Growth +4.4% 72 percentile
Price/Rent 11x 77 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Terrebonne Parish, LA a good place to move to?

Terrebonne Parish has a Boom Town Index score of 13/100, ranking #865 among 996 U.S. counties. With job growth at +0.6% and a median household income of $63,088, it faces some economic headwinds compared to faster-growing counties.

Is Terrebonne Parish affordable?

The median home value in Terrebonne Parish is $174,400 with median rent at $956/month. The income-to-home-value ratio is 0.3617, which is more affordable than the national average.

Is Terrebonne Parish growing or shrinking?

Population growth: -1.1% year-over-year. Job growth: +0.6%. Home values changed -7.9% in the past 12 months.

Are people moving to Terrebonne Parish?

Yes — 2.7% of Terrebonne Parish's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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