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City · 32,392 residents · Terrebonne Parish, Louisiana

Houma , Louisiana

In Houma, a typical home is worth $205,900 and typical rent is $1,058 a month. Compared with all of Terrebonne Parish, typical household income is 10% lower and the typical home value is 10% higher.

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  • Typical home value

    $205,900

    10% above the parish

    5% below Louisiana

    • Houma
    • Terrebonne
    • Louisiana

  • Typical rent

    $1,058a month

    About the same as the parish

    About the same as Louisiana

    • Houma
    • Terrebonne
    • Louisiana

  • Typical household income

    $58,194a year

    10% below the parish

    4% below Louisiana

    • Houma
    • Terrebonne
    • Louisiana

  • Households that own their home

    72%

    3 points below the parish

    5 points above Louisiana

    • Houma
    • Terrebonne
    • Louisiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$186,767
3.9% less than 12 months ago
Typical rent
$1,336 a month
5.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Houma is in Terrebonne Parish. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Terrebonne Parish. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Houma apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Raceland, the typical rent is $629: 41% less than in Houma ($1,058).

  2. Nearby, in Gray, the typical home value is $139,400: 32% less than in Houma ($205,900).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Houma fell 3.9%; in Louisiana, it rose 2.1%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Houma

What homes there are in Houma, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Houma: 85% of homes, more than in Terrebonne Parish (71%).

Year built

The typical home in Houma was built in 1973, 10 years before the typical one in Terrebonne Parish.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Terrebonne Parish is high ($541,287): at least 94% of owner-occupied homes in Houma are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,548 a month

Terrebonne Parish: $1,547 a month

Without a mortgage

$449 a month

Terrebonne Parish: $406 a month

Owners with a mortgage

53%

Terrebonne Parish: 49%

The typical cost for an owner with a mortgage in Houma is $1,548 a month, near the figure in Terrebonne Parish ($1,547).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Houma rose 31% since 2015–2019, more than in Terrebonne Parish (23%).

Since 2015–2019, the typical rent in Houma rose 36%, more than in Terrebonne Parish (25%).

While home values in Houma changed +31% and rent +36%, the typical household income rose 36%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHoumaTerrebonne ParishLouisianaUnited States
Rental vacancy Unreliable estimateUnreliable estimate7.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room Unreliable estimate2.9%2.3%3.4%
People per household 2.412.492.492.53
Drive alone 80%84%79%69%
Carpool 12%10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 4%3%8%15%
Other means Unreliable estimate2%2%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Much as in Terrebonne Parish, a household in Houma has 2.41 people on average.

The car rules in Houma: 80% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Houma?

A typical home is tight for the typical income

We start with a typical home in Houma, worth $205,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Houma, which is $58,194 a year. For that payment to be 28% of income, a household would need to earn about $69,070 a year.

The calculator's FHA and conventional loan limits are those of all of Terrebonne Parish.

Your numbers

Local data
$

Starts at the typical home value in Houma. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,207 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,612

at 7.18% · 30 years

Loan amount
$202,170
Total interest
$290,875
Paid off in
November 2056

Includes $3,477 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,358 a month

  • Tight

    $1,358 to $1,746 a month

    Your payment · 33%

  • Hard

    more than $1,746 a month

Compared with the typical household income in Houma ($58,194 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,612
Principal & interest$1,370
Property tax$65
Home insurance$86
FHA mortgage insurance (MIP)$91

You need at least $7,207 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Houma and Terrebonne Parish

Houma is in Terrebonne Parish, Louisiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Houma's own numbers

Typical home value
$205,900
Typical monthly rent
$1,058
Typical yearly household income
$58,194
Households that own their home
72%
Effective property tax rate
0.38%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Terrebonne Parish

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,098
Price change over 5 years (FHFA)
+13%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Terrebonne Parish.

Everything about Terrebonne Parish

Buying

Buying a home in Houma

A typical home in Houma is worth $205,900: 10% above the parish and 5% below Louisiana. With the typical household income in Houma ($58,194 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Houma 3.5 years
  • Terrebonne 2.9 years
  • Louisiana 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Terrebonne Parish

According to FHFA’s house price index, home prices in Terrebonne Parish rose 20% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Terrebonne Parish.

Period Parish Louisiana U.S.
Last year (2025) +0.6% +1.8% +2.9%
5 years (2020–2025) +13% +22% +47%
10 years (2015–2025) +20% +38% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Houma next to Terrebonne Parish, Louisiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Houma $205,900
  • Terrebonne $187,200
  • Louisiana $216,500
  • United States $332,700
Typical monthly rent
  • Houma $1,058
  • Terrebonne $1,065
  • Louisiana $1,064
  • United States $1,413
Typical yearly household income
  • Houma $58,194
  • Terrebonne $64,836
  • Louisiana $60,756
  • United States $80,734
See the full table
Houma next to Terrebonne Parish and Louisiana
Measure Houma Terrebonne Parish Louisiana U.S.
Typical home value $205,900 $187,200 $216,500 $332,700
Typical monthly rent $1,058 $1,065 $1,064 $1,413
Typical yearly household income $58,194 $64,836 $60,756 $80,734
Households that own their home 72% 75% 67% 65%
Typical yearly property tax $778 $836 $1,180 $3,119
Effective property tax rate 0.38% 0.45% 0.55% 0.94%
Renters with high rent for their income 56% 39% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Terrebonne Parish. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Houma

For a typical $205,900 home in Houma, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Houma's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,612a month

    Least cash to close
    Down payment
    $7,207
    Cash to close
    $13,384
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $91

  • Conventional, 5% down $1,574a month

    Down payment
    $10,295
    Cash to close
    $16,472
    Rate
    7.18%
    Mortgage insurance
    PMI · $98

  • Conventional, 20% down, no PMI $1,267a month

    Down payment
    $41,180
    Cash to close
    $47,357
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,457a month

    Down payment
    $30,885
    Cash to close
    $37,062
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Houma and for Terrebonne Parish.

Property tax

Effective rate in Houma

0.38%of the home’s value each year

$778 a year for the typical owner in Houma.

  • Houma 0.38%
  • Terrebonne 0.45%
  • Louisiana 0.55%

What Louisiana publishes Homestead exemption: $7,500 of assessed value (Louisiana State Legislature (Louisiana Constitution))

Exemptions and deadlines in Louisiana

Flood risk in Terrebonne Parish

FEMA does not publish these numbers by city: they are for all of Terrebonne Parish.

FEMA’s maps count no homes in the high-risk zone in Terrebonne Parish. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Houma

Typical rent in Houma is $1,058 a month: about the same as the parish. In Houma, 56% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Terrebonne Parish, by unit size. To pay the 2-bedroom one ($1,098 a month) without spending more than 30% of your income, you would need to earn $21.12 an hour working full time.

HUD fair market rent for all of Terrebonne Parish

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $765 $14.71 $30,600
1 bedroom $903 $17.37 $36,120
2 bedrooms $1,098 $21.12 $43,920
3 bedrooms $1,335 $25.67 $53,400
4 bedrooms $1,443 $27.75 $57,720

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Houma

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Houma has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,160 in 70363 to $1,190 in 70360.

2 of the 2 are above the fair market rent for Terrebonne Parish ($1,098).

  • 70360 $1,190$1,450
  • 70363 $1,160$1,410

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Houma when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Houma

HUD lists 11 buildings with rents for lower incomes in Houma. These are the largest.

  • Bayou Tower 7491 Park Ave, Houma 70364 300 low-income homes · Run by Housing Authority of the City of Houma (985) 876-4755
  • Senator Circle 101A Senator Cir, Houma 70363 236 homes, 217 low-income · Run by Housing Authority of the City of Houma (985) 876-4755
  • Bonne Terre Village Apartments. 7614 Main St, Houma 70360 51 low-income homes · 1 bd: 51 · In service since 1997
  • TCOA Elderly Housing 6512 W Main St, Houma 70360 49 low-income homes · For older adults (985) 868-8411
  • Barataria Station Apartments II 338 Barataria Ave, Houma 70360 43 homes, 33 low-income · 1 bd: 38 · 2 bd: 5 · In service since 2012 · For families

See all 15 buildings in Terrebonne Parish Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Houma

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Terrebonne Parish. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Houma

No down payment, repair or rent-help program on our list is for Houma or Terrebonne Parish. The ones below are statewide in Louisiana: they work in Houma the same as in the rest of the state.

Which programs do I qualify for? All programs in Louisiana

  • HomeStart Assist

    Statewide in Louisiana

    Louisiana state corporation 30-year mortgage for first-time buyers with 4% of the loan in assistance, as a 0% second mortgage forgiven after 60 months. Offered by Louisiana Housing Corporation (LHC).

    Forgivable

    See the program Official page

  • HomeStart Advantage

    Statewide in Louisiana

    Louisiana state corporation 30-year mortgage with 4% of the loan in assistance, as a 0% second mortgage forgiven after 60 months; you do not need to be a first-time buyer, but you cannot own another home at closing. Offered by Louisiana Housing Corporation (LHC).

    Forgivable

    See the program Official page

Housing counselors near Houma

The HUD-approved agencies closest to the center of Houma, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Jefferson Community Action Programs

    1221 Elmwood Park Blvd, New Orleans · 41 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (504) 736-6900

  • New Orleans Neighborhood Development Foundation

    1429 S Rampart St, New Orleans · 45 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (504) 488-0155

  • Louisiana Fair Housing Action Center, Inc.

    1340 Poydras St, New Orleans · 46 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    (504) 596-2100

All counseling agencies in Louisiana

Help in Spanish near Houma

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Houma

HUD’s record names them for Houma or Terrebonne Parish. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Houma Public housing (985) 876-4755

One other authority has an office in Terrebonne Parish: see the list Source: HUD

Cities

Other cities in Terrebonne Parish

These cities are also in Terrebonne Parish. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Terrebonne Parish Housing in Louisiana

Nearby cities

The cities closest to Houma, with the typical home value.

Neighboring counties

If Terrebonne Parish is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Houma.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Houma

Short answers with the numbers for Houma and all of Terrebonne Parish. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Houma?

The typical home value in Houma is $205,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Terrebonne Parish it is $187,200.

How much does it cost to rent in Houma?

Typical rent in Houma is $1,058 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Terrebonne Parish is $1,098.

What is the FHA loan limit in Houma?

Houma uses the FHA limit for all of Terrebonne Parish (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Houma?

The typical homeowner in Houma pays $778 a year, according to the U.S. Census Bureau. That is 0.38% of the home’s value; in Terrebonne Parish, the rate is 0.45%.

Where can I find free help to buy or rent in Houma?

We found no HUD-approved counseling agencies with an office in Terrebonne Parish; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).