The typical owner-occupied home in Louisiana is worth about $216,500, 35% below the national median of $332,700. Owners pay a median $1,180 a year in property taxes, about 0.55% of their home's value, lower than the national rate of 0.94%. The median household earns $60,756 a year, so the median home costs 3.6 times the median income (4.1 times for the U.S.). 67% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Louisiana at a glance
| Louisiana | U.S. | |
|---|---|---|
| Median home value | $216,500 | $332,700 |
| Median property tax paid per year | $1,180 | $3,119 |
| Property tax as a share of value | 0.55% | 0.94% |
| Median household income | $60,756 | $80,734 |
| Homes lived in by their owners | 67% | 65% |
| Owner homes with a mortgage | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 21.0% |
| Median rent | $1,064 | $1,413 |
| Rent as a share of renters' income | 32.8% | 30.6% |
| Median year homes were built | 1983 | 1980 |
| Vacant homes | 14.4% | 10.1% |
| Population | 4,611,961 | 334,922,499 |
What a typical home costs per month in Louisiana
At this week's average 30-year rate of 7.11%, buying the median Louisiana home of $216,500 with 20% down costs about $1,355 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,715, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $58,053 for the 20%-down payment. That payment is 27% of the median Louisiana household income of $60,756; at that income and 20% down, the 28% guideline points to a home of about $227,000.
The median rent here is $1,064 a month, so owning the median home costs about $291 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,300 |
|---|---|
| Loan amount | $173,200 |
| Principal and interest | $1,165 |
| Property taxes (0.55% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,355 |
Change the numbers in the calculator
| Down payment | $7,578 |
|---|---|
| Loan amount | $212,579 |
| Principal and interest | $1,430 |
| Property taxes (0.55% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,715 |
Change the numbers in the calculator
Questions about home buying in Louisiana
What is the median home value in Louisiana?
About $216,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Louisiana?
Homeowners pay a median $1,180 a year, which is about 0.55% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Louisiana?
For the median home with 20% down at 7.11%, the payment is about $1,355 a month. Keeping that under 28% of gross income takes about $58,053 a year.
More about Louisiana
- Mortgage Refinance in Louisiana
- Debt Relief in Louisiana
- Home Equity Loans in Louisiana
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data