5 Most Affordable Housing Markets in the US in 2023

4. Louisiana

Median Effective Property Tax Rate: 0.565%

Average Cost of Rent/Month: $871

Homeownership Rate: 69.6%

Final Score: 8.3

In 2023, the Louisiana Housing Corporation and partners unveiled the new Arbours at the Lafayette apartment complex on Alcide Dominique Drive. Arbors at Lafayette is an 84-unit apartment building that offers residents one-, two-, and three-bedroom units to provide safe, affordable, and resilient housing for Lafayette families, helping address the state’s affordable housing needs.