Rise in home prices outpaces wages in 3 Louisiana parishes

While median home prices rose 9.9 percent in Tangipahoa Parish since last year, wages rose 1.5 percent, according to an analysis of 432 counties nationwide by ATTOM Data Solutions in the second quarter.

Tangipahoa is one of three Louisiana parishes included in the analysis where rising home prices outpaced wage growth since last year.

Home prices and wages in Louisiana parishes

County MSA Q2 2018 Median Sales Price YoY Median Home Price Growth Annualized Weekly Wages YoY Annualized Wage Growth Prices Outpacing Annualized Wages?
Tangipahoa Hammond, LA $160,000 9.9% $35,347 1.5% YES
East Baton Rouge Baton Rouge, LA $185,000 12.1% $50,934 2.5% YES
Jefferson New Orleans-Metairie, LA $171,000 3.6% $48,165 2.3% YES

Source: ATTOM Data Solutions

This article was first published by Watchdog News.

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