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Rapides Parish, LA

RANK #857 / 996  ·  POP 129,536  ·  LA

PROJECTED GROWTH: -1.1%

Rapides Parish is losing people and economic momentum. This metro faces significant structural headwinds.

[01] Why Rapides Parish?

Rapides Parish, Louisiana, is often recognized for its central location within the state, where the cultural influences of Anglo-Saxon North Louisiana meet the Cajun and Creole traditions of the south. Alexandria, the parish seat, sits on the Red River, a focal point for both history and recreation. The parish is home to a significant portion of Kisatchie National Forest, offering extensive outdoor recreation with over 100 miles of trails for hiking, biking, and horseback riding, alongside opportunities for fishing and camping. Commuting within the parish, particularly between Alexandria and Pineville, is generally manageable, though most residents rely on personal vehicles. Public transit is available in Alexandria and Pineville, offering fixed routes and paratransit services.

Life in Rapides Parish blends small-town charm with access to amenities. The community is characterized by a mix of families and long-time residents, with public schools generally performing above the state average. The economy is diversifying, moving beyond traditional agriculture and forestry. Recent developments indicate growth in manufacturing, particularly in electrical substation components, and the parish is positioning itself to attract investments in data centers and renewable energy, with projects focused on green methanol production. These initiatives are creating new job opportunities and contributing to the economic landscape of the area.

[02] Market Snapshot

Housing Ratio
3.9x

Undervalued relative to economy

GDP Growth
+0.7%

Well below national median

Home Prices
-3.9%

Prices declining

Climate & Terrain
-0.2

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 3.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Rapides Parish U.S. National

The Numbers

DEMOGRAPHICS
Population
129,536
-0.71% YoY
Median Household Income
$55,407
Median Home Value
$171,400
-3.85% 12mo
Median Rent
$925
Average Annual Pay
$51,777
+4.4% YoY
Employment
56,422
+0.7% YoY
Income-to-Home-Value
0.3233
More affordable than average
Migration Inflow
2.78%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$201,000
Days on Market
51
Moderate pace
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
99.7%
Near asking price
Sold Above List
9.7%
Listings w/ Price Drops
30.2%
Building Permits (2024)
237
Single-Family Permits
215

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,947M
TOTAL
PROJECT AMOUNT STATUS
Beaver Lake Renewable Energy (BLRE) Green Methanol Production Facility
SunGas Renewables
$1,800M Proposed
Project Lightning (Data Center Campus)
Applied Digital Corporation
$1,000M Under Construction
Fabric Care Product Manufacturing Facility Expansion
Procter & Gamble
$97M Planned
Amazon Last-Mile Facility
Amazon
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.7% 13 percentile
Population Growth -0.7% 6 percentile
Income Growth +11.6% 94 percentile
Vacancy Rate 1.6% 17 percentile
Home Price Change -3.9% 6 percentile
Rent Growth +4.7% 76 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Rapides Parish, LA a good place to move to?

Rapides Parish has a Boom Town Index score of 14/100, ranking #857 among 996 U.S. counties. With job growth at +0.7% and a median household income of $55,407, it faces some economic headwinds compared to faster-growing counties.

Is Rapides Parish affordable?

The median home value in Rapides Parish is $171,400 with median rent at $925/month. The income-to-home-value ratio is 0.3233, which is more affordable than the national average.

Is Rapides Parish growing or shrinking?

Population growth: -0.7% year-over-year. Job growth: +0.7%. Home values changed -3.9% in the past 12 months.

Are people moving to Rapides Parish?

Yes — 2.78% of Rapides Parish's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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