The typical owner-occupied home in Logansport is worth about $126,600, 42% below the Louisiana median of $216,500 and 62% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.16% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $32,404 a year, so the median home costs 3.9 times the median income (3.6 times for Louisiana). 52% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Logansport at a glance
| Logansport | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $126,600 | $216,500 | $332,700 |
| Median property tax paid per year | $199 | $1,180 | $3,119 |
| Property tax as a share of value | 0.16% | 0.55% | 0.94% |
| Median household income | $32,404 | $60,756 | $80,734 |
| Homes lived in by their owners | 52% | 67% | 65% |
| Owner homes with a mortgage | 44% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,130 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 20.4% | 21.0% |
| Median rent | $469 | $1,064 | $1,413 |
| Rent as a share of renters' income | 31.3% | 32.8% | 30.6% |
| Median year homes were built | 1976 | 1983 | 1980 |
| Vacant homes | 22.9% | 14.4% | 10.1% |
| Population | 1,439 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Logansport
At this week's average 30-year rate of 7.11%, buying the median Logansport home of $126,600 with 20% down costs about $751 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $962, 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 $32,184 for the 20%-down payment. That payment is 28% of the median Logansport household income of $32,404; at that income and 20% down, the 28% guideline points to a home of about $127,000.
The median rent here is $469 a month, so owning the median home costs about $282 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,320 |
|---|---|
| Loan amount | $101,280 |
| Principal and interest | $681 |
| Property taxes (0.16% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $53 |
| PMI | $0 |
| Total per month | $751 |
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| Down payment | $4,431 |
|---|---|
| Loan amount | $124,307 |
| Principal and interest | $836 |
| Property taxes (0.16% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $53 |
| FHA mortgage insurance | $56 |
| Total per month | $962 |
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Questions about home buying in Logansport
What is the median home value in Logansport?
About $126,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Logansport?
Homeowners pay a median $199 a year, which is about 0.16% 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 Logansport?
For the median home with 20% down at 7.11%, the payment is about $751 a month. Keeping that under 28% of gross income takes about $32,184 a year.
More about Logansport
- Mortgage Refinance in Logansport
- Debt Relief in Logansport
- Home Equity Loans in Logansport
- 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