The typical owner-occupied home in Morse is worth about $82,600, 62% below the Louisiana median of $216,500 and 75% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.24% of their home's value, lower than the Louisiana rate of 0.55%. 55% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Morse at a glance
| Morse | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $82,600 | $216,500 | $332,700 |
| Median property tax paid per year | $199 | $1,180 | $3,119 |
| Property tax as a share of value | 0.24% | 0.55% | 0.94% |
| Median household income | – | $60,756 | $80,734 |
| Homes lived in by their owners | 55% | 67% | 65% |
| Owner homes with a mortgage | 22% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,063 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 12.0% | 20.4% | 21.0% |
| Median rent | $491 | $1,064 | $1,413 |
| Rent as a share of renters' income | 9.0% | 32.8% | 30.6% |
| Median year homes were built | 1990 | 1983 | 1980 |
| Vacant homes | 15.6% | 14.4% | 10.1% |
| Population | 1,099 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Morse
At this week's average 30-year rate of 7.11%, buying the median Morse home of $82,600 with 20% down costs about $495 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $633, 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 $21,234 for the 20%-down payment.
The median rent here is $491 a month, so owning the median home costs about $4 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $16,520 |
|---|---|
| Loan amount | $66,080 |
| Principal and interest | $445 |
| Property taxes (0.24% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $495 |
Change the numbers in the calculator
| Down payment | $2,891 |
|---|---|
| Loan amount | $81,104 |
| Principal and interest | $546 |
| Property taxes (0.24% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $37 |
| Total per month | $633 |
Change the numbers in the calculator
Questions about home buying in Morse
What is the median home value in Morse?
About $82,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Morse?
Homeowners pay a median $199 a year, which is about 0.24% 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 Morse?
For the median home with 20% down at 7.11%, the payment is about $495 a month. Keeping that under 28% of gross income takes about $21,234 a year.
More about Morse
- Mortgage Refinance in Morse
- Debt Relief in Morse
- Home Equity Loans in Morse
- 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