The typical owner-occupied home in Sorrento is worth about $232,200, 7% above the Louisiana median of $216,500 and 30% below the national median of $332,700. Owners pay a median $928 a year in property taxes, about 0.40% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $117,604 a year, so the median home costs 2.0 times the median income (3.6 times for Louisiana). 85% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Sorrento at a glance
| Sorrento | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $232,200 | $216,500 | $332,700 |
| Median property tax paid per year | $928 | $1,180 | $3,119 |
| Property tax as a share of value | 0.40% | 0.55% | 0.94% |
| Median household income | $117,604 | $60,756 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 52% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,836 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 18.0% | 20.4% | 21.0% |
| Median rent | $1,344 | $1,064 | $1,413 |
| Rent as a share of renters' income | 41.0% | 32.8% | 30.6% |
| Median year homes were built | 1997 | 1983 | 1980 |
| Vacant homes | 8.8% | 14.4% | 10.1% |
| Population | 2,203 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Sorrento
At this week's average 30-year rate of 7.11%, buying the median Sorrento home of $232,200 with 20% down costs about $1,424 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,811, 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 $61,019 for the 20%-down payment. That payment is 15% of the median Sorrento household income of $117,604; at that income and 20% down, the 28% guideline points to a home of about $448,000.
The median rent here is $1,344 a month, so owning the median home costs about $80 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,440 |
|---|---|
| Loan amount | $185,760 |
| Principal and interest | $1,250 |
| Property taxes (0.40% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,424 |
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| Down payment | $8,127 |
|---|---|
| Loan amount | $227,994 |
| Principal and interest | $1,534 |
| Property taxes (0.40% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,811 |
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Questions about home buying in Sorrento
What is the median home value in Sorrento?
About $232,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sorrento?
Homeowners pay a median $928 a year, which is about 0.40% 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 Sorrento?
For the median home with 20% down at 7.11%, the payment is about $1,424 a month. Keeping that under 28% of gross income takes about $61,019 a year.
More about Sorrento
- Mortgage Refinance in Sorrento
- Debt Relief in Sorrento
- Home Equity Loans in Sorrento
- 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