The typical owner-occupied home in Gibsland is worth about $93,300, 57% below the Louisiana median of $216,500 and 72% below the national median of $332,700. Owners pay a median $282 a year in property taxes, about 0.30% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $22,121 a year, so the median home costs 4.2 times the median income (3.6 times for Louisiana). 58% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Gibsland at a glance
| Gibsland | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $93,300 | $216,500 | $332,700 |
| Median property tax paid per year | $282 | $1,180 | $3,119 |
| Property tax as a share of value | 0.30% | 0.55% | 0.94% |
| Median household income | $22,121 | $60,756 | $80,734 |
| Homes lived in by their owners | 58% | 67% | 65% |
| Owner homes with a mortgage | 48% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $743 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 32.8% | 20.4% | 21.0% |
| Median rent | $567 | $1,064 | $1,413 |
| Rent as a share of renters' income | 30.8% | 32.8% | 30.6% |
| Median year homes were built | 1977 | 1983 | 1980 |
| Vacant homes | 21.4% | 14.4% | 10.1% |
| Population | 681 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Gibsland
At this week's average 30-year rate of 7.11%, buying the median Gibsland home of $93,300 with 20% down costs about $564 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $720, 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 $24,185 for the 20%-down payment. That payment is 31% of the median Gibsland household income of $22,121; at that income and 20% down, the 28% guideline points to a home of about $85,000.
The median rent here is $567 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,660 |
|---|---|
| Loan amount | $74,640 |
| Principal and interest | $502 |
| Property taxes (0.30% a year) | $23 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $564 |
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| Down payment | $3,266 |
|---|---|
| Loan amount | $91,610 |
| Principal and interest | $616 |
| Property taxes (0.30% a year) | $23 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $720 |
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Questions about home buying in Gibsland
What is the median home value in Gibsland?
About $93,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gibsland?
Homeowners pay a median $282 a year, which is about 0.30% 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 Gibsland?
For the median home with 20% down at 7.11%, the payment is about $564 a month. Keeping that under 28% of gross income takes about $24,185 a year.
More about Gibsland
- Mortgage Refinance in Gibsland
- Debt Relief in Gibsland
- Home Equity Loans in Gibsland
- 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