Terrebonne Parish presents a carry-versus-liquidity tension: the supplied 2026-06 Zillow median home value is $184,739, down 5.31% year over year, while FHFA’s 2025 repeat-transaction HPI rose 0.61%. That conflict does not yield a combined appreciation rate: Zillow is a value estimate at its stated vintage, and FHFA is an annual index, not a dollar value. Yield-focused buyers should investigate; buyers relying on a quick resale should be cautious.
Measured median asking rent is $1,313 monthly, and reported gross yield is 8.53% before costs. HUD’s two-bedroom FMR is $1,102, a payment standard rather than asking rent; it cannot substitute for market rent or validate the yield. The effective property-tax rate is 0.45%, an identified carrying cost alongside unreported insurance, maintenance, vacancy and financing. The rent-price relationship supports only a gross screen, not a net cash-flow conclusion.
Demand evidence is less reassuring. Tax-return migration was negative 420 households, and incoming movers’ average income trailed outgoing movers’ by $4,304; this pairing narrows the case for demand from higher-income arrivals but says nothing about household formation or renter absorption. The record reports 70 investor purchases within 768 purchases, showing participation without establishing investor control of buyer competition. QCEW is annual covered employment at county workplaces, not resident employment or unemployment; trade, transportation, and utilities is the largest disclosed private supersector, not the entire economy.
Hurricane exposure sets the principal downside: modeled annual climate loss equals 0.52% of building value, a modeled ratio rather than an insured loss or property-specific outcome. Realtor.com MLS evidence is listing-market evidence, not closings: median marketing time was 100 days and 14.55% of listings had price cuts, signaling seller concessions but not proving weak buyer demand alone. Obtain property-level flood and wind insurance quotes, elevation and claims history, lease comps, vacancy, repair scope and closed-sale comps; without them, net yield, hazard-adjusted carrying cost and exit value cannot be underwritten.