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New Iberia

Learn about the people, housing, costs and businesses in New Iberia, Louisiana

Median Home$137,959
Median Rent$876/month
Population27,829
Leading IndustriesManufacturing · Public Administration · Agriculture & Mining4% manufacturing
Home Value Growth+10.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners53% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableTransit82/100 · excellent transit access
New Iberia
LA

Frequently Asked Questions

What are today's mortgage rates in New Iberia?

As of today, the 30-year fixed mortgage rate for New Iberia is approximately 7.023% (7.067% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Iberia?

The median home value in New Iberia is $138k. The median monthly rent is $876. Annual property taxes average $588. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Iberia?

Home values in New Iberia have increased 10.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Iberia?

Based on a typical all-in ownership cost of $769/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Iberia is $50k/year.

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What industries drive the economy in New Iberia?

The largest employment sectors in New Iberia are public administration (26%) and retail (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.