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Terrebonne Parish, LA

District 6

RANK #858 / 996 NAT  ·  #20 / 21 LA  ·  POP 108,862

1YR FORECAST: -0.7%

5YR OUTLOOK: +14%

Our model projects Terrebonne Parish's housing market at -0.7% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Terrebonne General Health System Healthcare
    1,000+
  2. 2
    Terrebonne Parish School District Education
  3. 3
    C Port Energy
  4. 4
    Chet Morrison Contractors Other
  5. 5
    Danos Energy
    500+
  6. 6
    Helix Alliance Energy
  7. 7
    Terrebonne Parish Consolidated Government Government
  8. 8
    Walmart Retail
  9. 9
    Ochsner Health System/Chabert Medical Center Healthcare
  10. 10
    LaShip Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
17.0%
of residents (national avg: 33%)

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] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
11.0
per 100K · nat avg 6.3
Firearm Fatalities
17.4
per 100K · nat avg 14.8
Injury Deaths
107.2
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
38.3
Good
Good Air Days
74%
256 of 346 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
34
2022
38
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

The data is not encouraging — Terrebonne Parish scores just 13/100 on the Boom Town Index, ranking #858 of 996 counties. Job growth at +0.6% and median household income of $63,088 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Terrebonne Parish affordable?

By national standards, Terrebonne Parish is quite affordable. Homes here have a median value of $174,400, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $956/month. Residents can generally buy a home without being cost-burdened.

Is Terrebonne Parish growing or shrinking?

Terrebonne Parish is losing population (-1.1% YoY) while the job market is essentially flat (+0.6% employment change). Home values are -7.9% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are people moving to Terrebonne Parish?

There's a moderate stream of newcomers. About 2.7% of residents moved from another state, which is above average and suggests Terrebonne Parish has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

Is the housing market declining in Terrebonne Parish?

Home values fell -7.9% over the past year in Terrebonne Parish, bringing the median down to $174,400. A drop of that magnitude usually reflects weakening demand or population outflow — worth watching if you're considering buying here.

[10] Similar Counties by Size & Score

Lafourche Parish, LA 21 St. Tammany Parish, LA 23 Orleans Parish, LA 0 East Baton Rouge Parish, LA 28 Caddo Parish, LA 37 St. Landry Parish, LA 41 Chelan County, WA 13 Kaufman County, TX 13