Louisiana Cities Rank Dead Last in 2025 Housing Report

(KMDL-FM) - Do you plan to buy a home anytime soon? Well, if you are in the state of Louisiana, the timing might not be the best.

WalletHub’s 2025 Housing Market Study

The folks at WalletHub have released their report on 2025's Best Real Estate Markets and those in the Bayou State didn't rank too well.

Nationally, the housing market has been fairly balanced, with mortgage rates remaining relatively stable compared to last year.

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As part of this report, WalletHub looked at the best local real estate markets in the U.S. They compared 300 cities of varying sizes across 17 key indicators of housing market attractiveness and economic strength. The data ranged from median home price appreciation to job growth.

“Current home prices are extremely important, but there’s much more that you need to look at when determining the health of a city’s real estate market," said WalletHub analyst Chip Lupo.

"Factors like the cost of living, the potential for the value of homes to increase, the availability of recently-built homes and the quality of the city’s job market are all important to consider in conjunction with asking prices and interest rates. The best cities may not always be the cheapest, but they offer excellent housing options and long-term stability."

Louisiana Cities Rank at the Bottom

Only three Louisiana cities were part of this report and the news isn't good. Those cities ranked 298, 299, and 300 on the list. (Yep, that's the bottom of the barrel.)

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Baton Rouge, Shreveport, and New Orleans rounded out the Top 300, in that order.

Why Baton Rouge, Shreveport, and NOLA Scored Low

Baton Rouge, for example, came in dead last when it comes to "Share of Seriously Underwater Mortgages." The Capitol City is 23 times worse than the top city, San Jose, California.

Another category in the study ranks "Median Days on the Market" and New Orleans ranked 294th in that category.

Other Key Factors in the Rankings

Some of the other factors reviewed for the report include things like home maintenance costs, foreclosure rates, job growth rates, and more.

What This Means for Louisiana Homebuyers

No matter where you live, now may not be the best time to buy a home. Interest rates are currently hovering around 6.65% for a 30-year fixed mortgage, a long way off from the historic lows reached during the pandemic.