The typical owner-occupied home in Hayes is worth about $173,100, 20% below the Louisiana median of $216,500 and 48% below the national median of $332,700. Owners pay a median $551 a year in property taxes, about 0.32% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $140,278 a year, so the median home costs 1.2 times the median income (3.6 times for Louisiana). 100% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Hayes at a glance
| Hayes | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $173,100 | $216,500 | $332,700 |
| Median property tax paid per year | $551 | $1,180 | $3,119 |
| Property tax as a share of value | 0.32% | 0.55% | 0.94% |
| Median household income | $140,278 | $60,756 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 63% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $2,082 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 12.4% | 20.4% | 21.0% |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1951 | 1983 | 1980 |
| Vacant homes | 0.0% | 14.4% | 10.1% |
| Population | 690 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Hayes
At this week's average 30-year rate of 7.11%, buying the median Hayes home of $173,100 with 20% down costs about $1,050 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,338, 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 $44,994 for the 20%-down payment. That payment is 9% of the median Hayes household income of $140,278; at that income and 20% down, the 28% guideline points to a home of about $540,000.
| Down payment | $34,620 |
|---|---|
| Loan amount | $138,480 |
| Principal and interest | $932 |
| Property taxes (0.32% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,050 |
Change the numbers in the calculator
| Down payment | $6,058 |
|---|---|
| Loan amount | $169,965 |
| Principal and interest | $1,143 |
| Property taxes (0.32% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $77 |
| Total per month | $1,338 |
Change the numbers in the calculator
Questions about home buying in Hayes
What is the median home value in Hayes?
About $173,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hayes?
Homeowners pay a median $551 a year, which is about 0.32% 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 Hayes?
For the median home with 20% down at 7.11%, the payment is about $1,050 a month. Keeping that under 28% of gross income takes about $44,994 a year.
More about Hayes
- Mortgage Refinance in Hayes
- Debt Relief in Hayes
- Home Equity Loans in Hayes
- 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