City · 27,571 residents · Iberia Parish, Louisiana
New Iberia, Louisiana
In New Iberia, a typical home is worth $158,300 and typical rent is $894 a month. Compared with all of Iberia Parish, typical household income is 17% lower and the share of households that own their home is 16 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $164,064 to $151,226.
Typical rent
$1,264a month
Typical rent from Zillow, June 2026 to September 2026: from $1,207 to $1,264.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
New Iberia is in Iberia 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 Iberia Parish. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Abbeville, the typical home value is $97,300: 39% less than in New Iberia ($158,300).
2
51% of households in New Iberia own their home, against 67% in Iberia Parish.
3
The typical household income in New Iberia is $47,087,17% less than in Iberia Parish as a whole ($56,961).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in New Iberia
What homes there are in New Iberia, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
New Iberia
Iberia Parish
Louisiana
United States
Kind of home: New Iberia and its comparisons
Measure
New Iberia
Iberia Parish
Louisiana
United States
Detached house
70%
69%
65%
61%
Attached house
3%
1%
3%
6%
Building of 2 to 4
7%
4%
8%
8%
Apartments (5 or more)
13%
7%
11%
19%
Mobile home
8%
19%
13%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is the most common home in New Iberia: 70% of homes, near the figure in Iberia Parish (69%).
Year built
Before 19601960–19791980–19992000–20092010 or later
New Iberia
Iberia Parish
Louisiana
United States
Year built: New Iberia and its comparisons
Measure
New Iberia
Iberia Parish
Louisiana
United States
Before 1960
31%
22%
18%
26%
1960–1979
27%
25%
28%
24%
1980–1999
26%
29%
26%
25%
2000–2009
11%
15%
14%
14%
2010 or later
6%
8%
14%
11%
The typical home in New Iberia was built in 1975, 7 years before the typical one in Iberia Parish.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K27%
$100K–$200K38%
$200K–$300K19%
$300K–$500K12%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: New Iberia and its comparisons
Measure
New Iberia
Under $100K
27%
$100K–$200K
38%
$200K–$300K
19%
$300K–$500K
12%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA limit for Iberia Parish is high ($541,287): at least 97% of owner-occupied homes in New Iberia are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50016%
$500–$99946%
HUD fair market rent, 2 bedrooms: $981
$1,000–$1,49932%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: New Iberia and its comparisons
Measure
New Iberia
Under $500
16%
$500–$999
46%
$1,000–$1,499
32%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
About 61% of rented homes in New Iberia cost less than HUD's 2-bedroom fair market rent for Iberia Parish ($981); the rest cost more.
With a mortgage
$1,443 a month
Iberia Parish: $1,401 a month
Without a mortgage
$461 a month
Iberia Parish: $410 a month
Owners with a mortgage
44%
Iberia Parish: 45%
In New Iberia, 44% of owners have a mortgage; their typical cost is $1,443 a month, about the same as in Iberia Parish.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
New Iberia+38%
Iberia Parish+42%
Louisiana+33%
United States+53%
Typical rent
New Iberia+17%
Iberia Parish+17%
Louisiana+23%
United States+33%
Typical household income
New Iberia+23%
Iberia Parish+22%
Louisiana+23%
United States+29%
Change since 2015–2019: New Iberia and its comparisons
Measure
New Iberia
Iberia Parish
Louisiana
United States
Typical home value
+38%
+42%
+33%
+53%
Typical rent
+17%
+17%
+23%
+33%
Typical household income
+23%
+22%
+23%
+29%
Homes in New Iberia gained value more slowly than in Iberia Parish: 38% since 2015–2019, against 42%.
The typical rent in New Iberia rose 17% since 2015–2019, about the same as in Iberia Parish (17%).
While home values in New Iberia changed +38% and rent +17%, the typical household income rose 23%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: New Iberia and its comparisons
Measure
New Iberia
Iberia Parish
Louisiana
United States
Rental vacancy
11.2%
9.5%
7.8%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.3%
0.9%
More than one person per room
4.8%
3.4%
2.3%
3.4%
People per household
2.40
2.53
2.49
2.53
Drive alone
80%
82%
79%
69%
Carpool
10%
7%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
4%
6%
8%
15%
Other means
4%
3%
2%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
There is more rental housing open in New Iberia: 11.2% is empty and offered for rent, against 9.5% in Iberia Parish.
In New Iberia, 4.8% of households live with more than one person per room, against 3.4% in Iberia Parish.
On average, a household in New Iberia has 2.40 people, fewer than in Iberia Parish (2.53).
In New Iberia, 10% of workers share a car to get to work; in Iberia Parish, 7%.
Do the math
What would you pay each month for a home in New Iberia?
A typical home is tight for the typical income
We start with a typical home in New Iberia, worth $158,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in New Iberia, which is $47,087 a year. For that payment to be 28% of income, a household would need to earn about $53,329 a year.
The calculator's FHA and conventional loan limits are those of all of Iberia Parish.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in New Iberia. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,541 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,244
at 7.18% · 30 years
Loan amount
$155,432
Total interest
$223,631
Paid off in
November 2056
Includes $2,673 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,099 a month
Tight
$1,099 to $1,413 a month
Your payment · 32%
Hard
more than $1,413 a month
Compared with the typical household income in New Iberia ($47,087 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,053
Property tax
$55
Home insurance
$66
FHA mortgage insurance (MIP)
$70
You need at least $5,541 for the down payment, plus closing costs.
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.
Total monthly payment $1,244; principal and interest $1,053.
The city and its county
New Iberia and Iberia Parish
New Iberia is in Iberia 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).
New Iberia
Map of Iberia Parish, Louisiana, with New Iberia marked. Around it, the neighboring counties.
New Iberia
Iberia Parish
Other cities with a page
New Iberia's own numbers
Typical home value
$158,300
Typical monthly rent
$894
Typical yearly household income
$47,087
Households that own their home
51%
Effective property tax rate
0.42%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Iberia Parish
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$981
Price change over 5 years (FHFA)
+21%
Homes in a high flood-risk zone
17%
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 Iberia Parish.
A typical home in New Iberia is worth $158,300: 4% below the parish and 27% below Louisiana. With the typical household income in New Iberia ($47,087 a year), a typical home costs 3.4 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.
New Iberia3.4 years
Iberia2.9 years
Louisiana3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Iberia Parish
According to FHFA’s house price index, home prices in Iberia Parish rose 25% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Iberia Parish.
Yearly change in FHFA’s price index in Iberia Parish, 2016 to 2025
2016: −0.4% −0.4% 2016
2017: −1.6% −1.6% 2017
2018: +1.5% +1.5% 2018
2019: +1.9% +1.9% 2019
2020: +2.4% +2.4% 2020
2021: +4.8% +4.8% 2021
2022: +6.9% +6.9% 2022
2023: +0.6% +0.6% 2023
2024: +4.7% +4.7% 2024
2025: +2.3% +2.3% 2025
Change in FHFA’s price index in Iberia Parish, Louisiana and the United States
Period
Parish
Louisiana
U.S.
Last year (2025)
+2.3%
+1.8%
+2.9%
5 years (2020–2025)
+21%
+22%
+47%
10 years (2015–2025)
+25%
+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
New Iberia next to Iberia 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
New Iberia$158,300
Iberia$164,500
Louisiana$216,500
United States$332,700
Typical monthly rent
New Iberia$894
Iberia$897
Louisiana$1,064
United States$1,413
Typical yearly household income
New Iberia$47,087
Iberia$56,961
Louisiana$60,756
United States$80,734
See the full table
New Iberia next to Iberia Parish and Louisiana
Measure
New Iberia
Iberia Parish
Louisiana
U.S.
Typical home value
$158,300 ▼4% below the parish
$164,500
$216,500
$332,700
Typical monthly rent
$894
$897
$1,064
$1,413
Typical yearly household income
$47,087 ▼17% below the parish
$56,961
$60,756
$80,734
Households that own their home
51% ▼16 points below the parish
67%
67%
65%
Typical yearly property tax
$661 ▲11% above the parish
$593
$1,180
$3,119
Effective property tax rate
0.42% ▲0.06 points above the parish
0.36%
0.55%
0.94%
Renters with high rent for their income
52% ▲2 points above the parish
50%
55%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Iberia 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 New Iberia
For a typical $158,300 home in New Iberia, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, New Iberia's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,244a month
Least cash to close
Down payment
$5,541
Cash to close
$10,290
Rate
7.18%
Mortgage insurance
FHA MIP · $70
Conventional, 5% down$1,215a month
Down payment
$7,915
Cash to close
$12,664
Rate
7.18%
Mortgage insurance
PMI · $75
Conventional, 20% down, no PMI$979a month
Down payment
$31,660
Cash to close
$36,409
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,126a month
Down payment
$23,745
Cash to close
$28,494
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in New Iberia
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,244
$5,541
$155,433
7.18%
FHA MIP · $70
$10,290
580
Conventional, 5% down
$1,215
$7,915
$150,385
7.18%
PMI · $75
$12,664
620*
Conventional, 20% down, no PMI
$979
$31,660
$126,640
7.18%
None
$36,409
620*
ITIN, 15% down (example)
$1,126
$23,745
$134,555
8.18%
None
$28,494
Set by the lender
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.
Typical rent in New Iberia is $894 a month: about the same as the parish. In New Iberia, 52% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Iberia Parish, by unit size. To pay the 2-bedroom one ($981 a month) without spending more than 30% of your income, you would need to earn $18.87 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Iberia Parish (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$726
$13.96
$29,040
1 bedroom
$813
$15.63
$32,520
2 bedrooms
$981
$18.87
$39,240
3 bedrooms
$1,286
$24.73
$51,440
4 bedrooms
$1,624
$31.23
$64,960
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 New Iberia
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). New Iberia has 2 ZIP codes with their own.
For 2 bedrooms it runs from $970 in 70560 to $1,070 in 70563.
1 of the 2 is above the fair market rent for Iberia Parish ($981).
Fair market rent by ZIP code and size in New Iberia, fiscal year 2027.
70560
$720
$810
$970
$1,270
$1,600
70563
$790
$890
$1,070
$1,400
$1,770
ZIP code2 bd3 bd
70560 $970$1,270
70563 $1,070$1,400
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for New Iberia 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 22 buildings with rents for lower incomes in New Iberia. These are the largest.
Acadian Homes1002 Audrey St, New Iberia 70560200 low-income homes · Run by Housing Authority of New Iberia · Average payment: $321 a month · Average wait: 6 months(337) 364-5515
Bacmonila Garden Apts344 Frederick St, New Iberia 70560150 low-income homes · For families(337) 365-7481
St Edwards Subdivision900 Mississippi St, New Iberia 7056098 low-income homes · For families(337) 365-6414
Iberia Village502 W Admiral Doyle Dr, New Iberia 7056096 homes, 95 low-income · For families(337) 367-2647
School Days415 Center St, New Iberia 7056065 low-income homes · 1 bd: 65 · In service since 1995
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 Iberia Parish. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for New Iberia or Iberia Parish. The ones below are statewide in Louisiana: they work in New Iberia the same as in the rest of the state.
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).
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).
No legal help resource on our list is for New Iberia or Iberia Parish in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for New Iberia and all of Iberia 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 New Iberia?
The typical home value in New Iberia is $158,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Iberia Parish it is $164,500.
How much does it cost to rent in New Iberia?
Typical rent in New Iberia is $894 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Iberia Parish is $981.
What is the FHA loan limit in New Iberia?
New Iberia uses the FHA limit for all of Iberia 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 New Iberia?
The typical homeowner in New Iberia pays $661 a year, according to the U.S. Census Bureau. That is 0.42% of the home’s value; in Iberia Parish, the rate is 0.36%.
Where can I find free help to buy or rent in New Iberia?
We found no HUD-approved counseling agencies with an office in Iberia Parish; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
