The typical owner-occupied home in Egan is worth about $220,000, about the same as the Louisiana median of $216,500 and 34% below the national median of $332,700. Owners pay a median $1,199 a year in property taxes, about 0.54% of their home's value, close to the Louisiana rate of 0.55%. The median household earns $93,196 a year, so the median home costs 2.4 times the median income (3.6 times for Louisiana). 87% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Egan at a glance
| Egan | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $220,000 | $216,500 | $332,700 |
| Median property tax paid per year | $1,199 | $1,180 | $3,119 |
| Property tax as a share of value | 0.54% | 0.55% | 0.94% |
| Median household income | $93,196 | $60,756 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 79% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,604 | $1,963 |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1975 | 1983 | 1980 |
| Vacant homes | 4.6% | 14.4% | 10.1% |
| Population | 1,015 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Egan
At this week's average 30-year rate of 7.11%, buying the median Egan home of $220,000 with 20% down costs about $1,375 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,741, 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 $58,913 for the 20%-down payment. That payment is 18% of the median Egan household income of $93,196; at that income and 20% down, the 28% guideline points to a home of about $348,000.
| Down payment | $44,000 |
|---|---|
| Loan amount | $176,000 |
| Principal and interest | $1,184 |
| Property taxes (0.54% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| PMI | $0 |
| Total per month | $1,375 |
Change the numbers in the calculator
| Down payment | $7,700 |
|---|---|
| Loan amount | $216,015 |
| Principal and interest | $1,453 |
| Property taxes (0.54% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $92 |
| FHA mortgage insurance | $97 |
| Total per month | $1,741 |
Change the numbers in the calculator
Questions about home buying in Egan
What is the median home value in Egan?
About $220,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Egan?
Homeowners pay a median $1,199 a year, which is about 0.54% 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 Egan?
For the median home with 20% down at 7.11%, the payment is about $1,375 a month. Keeping that under 28% of gross income takes about $58,913 a year.
More about Egan
- Mortgage Refinance in Egan
- Debt Relief in Egan
- Home Equity Loans in Egan
- 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