Why Live in New Iberia
New Iberia, Louisiana, is a city of 25,000 residents located in Cajun country, known for its rich cultural heritage and historic downtown. Street signs reflect the city's diverse roots, featuring Spanish, French, and English languages. The city celebrates its mix of cultures through events like the Louisiana Sugar Cane Festival, which includes a parade, concert series, and various activities that attract visitors and new residents. Housing in New Iberia is notably affordable, with a median home price of $187,500, significantly lower than nearby Lafayette, 20 miles away. Home styles range from Acadian and ranch to Greek Revival, with bungalows and national-style homes more common in the southern and western parts of the city. Downtown New Iberia, listed on the National Register of Historic Places, offers a variety of restaurants, boutiques, antique shops, and museums, including the Bayou Teche Museum. For recreation, City Park and West End Park provide amenities like pools, playgrounds, and sports fields. Education is served by the Iberia Parish School District, with New Iberia Senior High School offering dual-enrollment programs with Louisiana State University. Acadiana Christian School is a highly rated private option. The local economy includes food-processing facilities and significant oil and gas industries, with some residents commuting to Lafayette. Transportation options include Amtrak services and the nearest commercial airport in Lafayette. The city experiences hot, humid summers and mild winters, with potential for hurricanes and tropical storms during the summer and early fall.
Home Trends in New Iberia, LA
On average, homes in New Iberia, LA sell after 118 days on the market compared to the national average of 70 days. The median sale price for homes in New Iberia, LA over the last 12 months is $180,000, down 17% from the median home sale price over the previous 12 months.
Median Sale Price
$180,000
Median Single Family Sale Price
$175,000
Average Price Per Sq Ft
$116
Number of Homes for Sale
19
Last 12 months Home Sales
223
Median List Price
$202,990
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-17%