The typical owner-occupied home in Castor is worth about $90,000, 58% below the Louisiana median of $216,500 and 73% below the national median of $332,700. The median household earns $30,179 a year, so the median home costs 3.0 times the median income (3.6 times for Louisiana). 64% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Castor at a glance
| Castor | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $90,000 | $216,500 | $332,700 |
| Median property tax paid per year | – | $1,180 | $3,119 |
| Median household income | $30,179 | $60,756 | $80,734 |
| Homes lived in by their owners | 64% | 67% | 65% |
| Owner homes with a mortgage | 45% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,114 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 37.8% | 20.4% | 21.0% |
| Median rent | $435 | $1,064 | $1,413 |
| Rent as a share of renters' income | 26.7% | 32.8% | 30.6% |
| Median year homes were built | 1979 | 1983 | 1980 |
| Vacant homes | 13.1% | 14.4% | 10.1% |
| Population | 325 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Castor
At this week's average 30-year rate of 7.11%, buying the median Castor home of $90,000 with 20% down costs about $604 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $754, 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 $25,901 for the 20%-down payment. That payment is 24% of the median Castor household income of $30,179; at that income and 20% down, the 28% guideline points to a home of about $105,000.
The median rent here is $435 a month, so owning the median home costs about $169 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $18,000 |
|---|---|
| Loan amount | $72,000 |
| Principal and interest | $484 |
| Property taxes (1.10% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $604 |
Change the numbers in the calculator
| Down payment | $3,150 |
|---|---|
| Loan amount | $88,370 |
| Principal and interest | $594 |
| Property taxes (1.10% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $754 |
Change the numbers in the calculator
Questions about home buying in Castor
What is the median home value in Castor?
About $90,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Castor?
For the median home with 20% down at 7.11%, the payment is about $604 a month. Keeping that under 28% of gross income takes about $25,901 a year.
More about Castor
- Mortgage Refinance in Castor
- Debt Relief in Castor
- Home Equity Loans in Castor
- 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