The typical owner-occupied home in Vermilion Parish is worth about $163,300, 25% below the Louisiana median of $216,500 and 51% below the national median of $332,700. Owners pay a median $589 a year in property taxes, about 0.36% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $55,707 a year, so the median home costs 2.9 times the median income (3.6 times for Louisiana). 73% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Vermilion Parish at a glance
| Vermilion Parish | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $163,300 | $216,500 | $332,700 |
| Median property tax paid per year | $589 | $1,180 | $3,119 |
| Property tax as a share of value | 0.36% | 0.55% | 0.94% |
| Median household income | $55,707 | $60,756 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 41% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,398 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 20.4% | 21.0% |
| Median rent | $848 | $1,064 | $1,413 |
| Rent as a share of renters' income | 32.0% | 32.8% | 30.6% |
| Median year homes were built | 1983 | 1983 | 1980 |
| Vacant homes | 16.6% | 14.4% | 10.1% |
| Population | 57,123 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Vermilion Parish
At this week's average 30-year rate of 7.11%, buying the median Vermilion Parish home of $163,300 with 20% down costs about $996 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,268, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $42,679 for the 20%-down payment. That payment is 21% of the median Vermilion Parish household income of $55,707; at that income and 20% down, the 28% guideline points to a home of about $213,000.
The median rent here is $848 a month, so owning the median home costs about $148 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,660 |
|---|---|
| Loan amount | $130,640 |
| Principal and interest | $879 |
| Property taxes (0.36% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $996 |
Change the numbers in the calculator
| Down payment | $5,716 |
|---|---|
| Loan amount | $160,342 |
| Principal and interest | $1,079 |
| Property taxes (0.36% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,268 |
Change the numbers in the calculator
Questions about home buying in Vermilion Parish
What is the median home value in Vermilion Parish?
About $163,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Vermilion Parish?
Homeowners pay a median $589 a year, which is about 0.36% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Vermilion Parish?
For the median home with 20% down at 7.11%, the payment is about $996 a month. Keeping that under 28% of gross income takes about $42,679 a year.
More about Vermilion Parish
- Mortgage Refinance in Vermilion Parish
- Debt Relief in Vermilion Parish
- Home Equity Loans in Vermilion Parish
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data