The typical owner-occupied home in Lafitte is worth about $316,400, 46% above the Louisiana median of $216,500 and 5% below the national median of $332,700. Owners pay a median $1,714 a year in property taxes, about 0.54% of their home's value, close to the Louisiana rate of 0.55%. The median household earns $29,886 a year, so the median home costs 10.6 times the median income (3.6 times for Louisiana). 81% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Lafitte at a glance
| Lafitte | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $316,400 | $216,500 | $332,700 |
| Median property tax paid per year | $1,714 | $1,180 | $3,119 |
| Property tax as a share of value | 0.54% | 0.55% | 0.94% |
| Median household income | $29,886 | $60,756 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 39% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $2,667 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 28.5% | 20.4% | 21.0% |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1971 | 1983 | 1980 |
| Vacant homes | 35.2% | 14.4% | 10.1% |
| Population | 488 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Lafitte
At this week's average 30-year rate of 7.11%, buying the median Lafitte home of $316,400 with 20% down costs about $1,977 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,504, 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 $84,727 for the 20%-down payment. That payment is 79% of the median Lafitte household income of $29,886; at that income and 20% down, the 28% guideline points to a home of about $112,000.
| Down payment | $63,280 |
|---|---|
| Loan amount | $253,120 |
| Principal and interest | $1,703 |
| Property taxes (0.54% a year) | $142 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| PMI | $0 |
| Total per month | $1,977 |
Change the numbers in the calculator
| Down payment | $11,074 |
|---|---|
| Loan amount | $310,669 |
| Principal and interest | $2,090 |
| Property taxes (0.54% a year) | $142 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| FHA mortgage insurance | $140 |
| Total per month | $2,504 |
Change the numbers in the calculator
Questions about home buying in Lafitte
What is the median home value in Lafitte?
About $316,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lafitte?
Homeowners pay a median $1,714 a year, which is about 0.54% 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 Lafitte?
For the median home with 20% down at 7.11%, the payment is about $1,977 a month. Keeping that under 28% of gross income takes about $84,727 a year.
More about Lafitte
- Mortgage Refinance in Lafitte
- Debt Relief in Lafitte
- Home Equity Loans in Lafitte
- 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