The typical owner-occupied home in Gilliam is worth about $142,000, 34% below the Louisiana median of $216,500 and 57% below the national median of $332,700. Owners pay a median $1,231 a year in property taxes, about 0.87% of their home's value, higher than the Louisiana rate of 0.55%. The median household earns $93,750 a year, so the median home costs 1.5 times the median income (3.6 times for Louisiana). 98% of occupied homes here are lived in by their owners, and 20% of those owners still have a mortgage.
Gilliam at a glance
| Gilliam | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $142,000 | $216,500 | $332,700 |
| Median property tax paid per year | $1,231 | $1,180 | $3,119 |
| Property tax as a share of value | 0.87% | 0.55% | 0.94% |
| Median household income | $93,750 | $60,756 | $80,734 |
| Homes lived in by their owners | 98% | 67% | 65% |
| Owner homes with a mortgage | 20% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,050 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 13.2% | 20.4% | 21.0% |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1950 | 1983 | 1980 |
| Vacant homes | 7.1% | 14.4% | 10.1% |
| Population | 117 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Gilliam
At this week's average 30-year rate of 7.11%, buying the median Gilliam home of $142,000 with 20% down costs about $926 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,163, 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 $39,699 for the 20%-down payment. That payment is 12% of the median Gilliam household income of $93,750; at that income and 20% down, the 28% guideline points to a home of about $335,000.
| Down payment | $28,400 |
|---|---|
| Loan amount | $113,600 |
| Principal and interest | $764 |
| Property taxes (0.87% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $926 |
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| Down payment | $4,970 |
|---|---|
| Loan amount | $139,428 |
| Principal and interest | $938 |
| Property taxes (0.87% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $63 |
| Total per month | $1,163 |
Change the numbers in the calculator
Questions about home buying in Gilliam
What is the median home value in Gilliam?
About $142,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gilliam?
Homeowners pay a median $1,231 a year, which is about 0.87% 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 Gilliam?
For the median home with 20% down at 7.11%, the payment is about $926 a month. Keeping that under 28% of gross income takes about $39,699 a year.
More about Gilliam
- Mortgage Refinance in Gilliam
- Debt Relief in Gilliam
- Home Equity Loans in Gilliam
- 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