St. John the Baptist Parish has a cash-flow-versus-liquidity tension. Zillow reports a $200,915 median home value, down 1.66%, while measured median asking rent is $1,666 a month, up 1.07%, with a stated 9.95% gross yield before costs. Income-focused underwriters should test rent durability by unit and location; buyers relying on near-term resale should be cautious. Zillow’s value estimate, market asking rent and gross yield do not establish a closed purchase price or signed lease.
HUD’s two-bedroom FMR is $1,331 per month; measured market rent is 25.2% above it. FMR is a payment standard, not an asking-rent estimate, and cannot substitute for market rent in a yield calculation. The effective property-tax rate is 0.45%, but county tax data cannot be mechanically netted against a specific home’s yield. Modeled annual building-value loss is 0.46% under the dominant hurricane hazard, making insurance, deductibles, elevation and location central carrying-cost checks.
Realtor.com’s MLS evidence shows active listings, a measure of visible supply, increased 13.73%; median marketing time was 84 days and 17.51% of listings had price reductions. These are supply, asking-price and seller-concession indicators, not closed-sale prices or proof of buyer demand. Tax-return migration records more households moving out than in, while departing movers reported higher average income; that combination warrants testing tenant depth and buyer liquidity by submarket. QCEW’s annual workplace data—not resident employment—show covered jobs and covered-worker wages increased, and Trade, transportation, and utilities is the largest disclosed private supersector. Investors made 28 of 307 purchases, or 9.12%, indicating participation rather than dominance.
FHFA’s annual repeat-transaction HPI rose 8.44%, but it is a price-change index rather than a dollar home value and uses a different supplied period and method from Zillow. The measures cannot be averaged or treated as same-period confirmation. Missing published evidence includes property-level insurance quotes, flood and wind exposure, condition, lease and occupancy, tenant incomes, closed-sale comparables and financing terms. Those omissions prevent underwriting net yield, replacement demand, financing resilience and an exit-price conclusion.