Terrebonne Parish · Houma
Sell Your Commercial Property In Houma, LA
We are an active buyer of Houma commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Downtown Houma · Bayou Cane · Gray · Schriever — Terrebonne Parish, LA
Local Demand
Our View On Houma
Houma, in Terrebonne Parish, is home to 32,392 residents in ACS 2020-2024. Its rental base is small and old: 27.6% of Houma households rent, and 62.8% of homes predate 1980. Energy, marine fabrication and health care anchor local rental demand. Terrebonne General Health System in Houma lists 321 beds and over 1,500 employees. This profile gives owners who want to sell commercial property in Houma, LA the rent, tax and lease-law figures buyers rely on, each tied to an official public source.
Energy and pipeline taxpayers
Zydeco Pipeline, Hilcorp Energy, Chevron and BP Exploration ranked among Terrebonne Parish's five largest property taxpayers in 2023.Marine fabrication yards
Gulf Island's Houma Facilities cover about 160 acres on the Houma Navigation Canal; it had 751 full-time employees at end-2024.Terrebonne General Health System
The Main Street hospital system in Houma lists 321 beds, over 1,500 employees and over 450 medical staff providers.Our Buy Box
What We Buy In Houma
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Houma Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Houma
Renters occupy 27.6% of Houma's 13,346 occupied homes, according to the ACS 2020-2024 tenure table for Houma. That share equals 3,686 renter households, above Terrebonne Parish's 24.7%.
Only 7.7% of Houma homes, or 1,154 units, sit in buildings with five or more units, per ACS units-in-structure data. Houma's stock is old: 62.8% of homes were built before 1980, per ACS year-built data.
Rents and affordability in Houma
Houma's median gross rent is $1,058 a month in ACS 2020-2024, per ACS table B25064. About 44.1% of Houma renters spend 30% or more of income on housing, per ACS table B25070.
HUD's FY2027 fair market rents for the Houma-Bayou Cane-Thibodaux, LA MSA took effect October 1, 2026, per HUD's fair market rent documentation.
| Unit size | HUD FY2027 FMR |
|---|---|
| Studio | $765 |
| 1 bedroom | $903 |
| 2 bedrooms | $1,098 |
| 3 bedrooms | $1,335 |
| 4 bedrooms | $1,443 |
For owners preparing to sell commercial real estate in Houma, LA, the two-bedroom FMR of $1,098 sits $40 above the city's median gross rent.
Property taxes in Terrebonne Parish
Apartments are assessed at 10% of fair market value, because Louisiana Constitution Article VII, Section 18 puts land and residential improvements in the 10% class. Terrebonne Parish Consolidated Government levied 17.87 citywide mills and 40.95 parishwide mills for 2023, per its 2023 annual comprehensive financial report.
A $2,000,000 Houma building assesses at $200,000. At those 58.82 mills, the parish-government levy is $11,764 a year. The same report puts the highest combined district rate at 108.92 mills, or $21,784 on that building.
The 17.87 city mills include 5.08 mills each for Houma fire and police, per the parish property tax distribution page. Anyone ready to sell commercial property in Houma, LA can use these levies to test a buyer's expense line.
Landlord rules in Louisiana
Deposits must be returned within one month after the lease ends under R.S. 9:3251. Willful failure costs $300 or twice the amount wrongly kept, whichever is greater, under R.S. 9:3252.
A notice to vacate must allow at least five days under Code of Civil Procedure Article 4701, and a lease may waive it in writing. Month-to-month leases end on 10 days' notice before month-end under Civil Code Article 2728. R.S. 9:3258 says lessor rights may not be altered except by state law.
What it means for a Houma owner
If you plan to sell commercial property in Houma, LA, start with net operating income and test it in our cap rate calculator.
When you are ready to sell your apartment building in Houma, see how Skyline Capital Investments buys 5+ unit apartment buildings directly.
Seller Notes
Pricing Your Building In Houma
More about selling in Louisiana →Investing in Houma? See apartment syndications in Houma →
- Danos ranked as Terrebonne Parish's second-largest employer in 2023, with 2,700 jobs, per the parish report.
- Owners who sell commercial real estate in Houma, LA face buyers pricing stock that is 62.8% pre-1980.
- Selling commercial property in Houma means pricing against a $1,058 median gross rent, ACS 2020-2024.
Seller Guides
Your Situation, Handled — Houma
Learn More
Taxes & Rules For Houma Property
The Louisiana rules that shape any deal in Houma: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Houma Seller FAQ
How do I sell commercial property in Houma, LA quickly?
Start with a current rent roll, trailing 12-month expenses and your Terrebonne Parish tax bill. Skyline Capital Investments buys 5+ unit apartment buildings directly. Buyers will compare your rents with Houma's $1,058 median gross rent and HUD's $1,098 two-bedroom fair market rent.
What should I know before I sell commercial real estate in Houma, LA?
Know your assessed value and millage. Louisiana assesses apartments at 10% of fair market value. Terrebonne Parish Consolidated Government levied 58.82 citywide and parishwide mills for 2023, about $11,764 a year on a $2,000,000 Houma building, before school and other district levies.
How much rent do Houma apartments get?
Houma's median gross rent was $1,058 a month in ACS 2020-2024. HUD's FY2027 fair market rents for the Houma-Bayou Cane-Thibodaux MSA are $903 for one bedroom and $1,098 for two bedrooms. About 44.1% of Houma renters spend 30% or more of income on housing.
When must a Louisiana landlord return a security deposit?
Within one month after the lease ends, under R.S. 9:3251. A landlord who keeps part of it must send an itemized statement. Willful failure exposes the landlord to $300 or twice the amount wrongly kept, whichever is greater, under R.S. 9:3252.
Is there much apartment competition in Houma?
Not much. Only 7.7% of Houma homes, or 1,154 units, sit in buildings with five or more units, per ACS 2020-2024. That small base means fewer comparable sales, which matters when you sell multifamily property in Houma and buyers look for pricing evidence.
What if my Houma building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Terrebonne Parish?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Houma with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
What do I need to sell my apartment building in Houma?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Tell Us About Your Property In Houma
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
