The typical owner-occupied home in Raceland is worth about $187,800, 13% below the Louisiana median of $216,500 and 44% below the national median of $332,700. Owners pay a median $796 a year in property taxes, about 0.42% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $60,286 a year, so the median home costs 3.1 times the median income (3.6 times for Louisiana). 80% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Raceland at a glance
| Raceland | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $187,800 | $216,500 | $332,700 |
| Median property tax paid per year | $796 | $1,180 | $3,119 |
| Property tax as a share of value | 0.42% | 0.55% | 0.94% |
| Median household income | $60,286 | $60,756 | $80,734 |
| Homes lived in by their owners | 80% | 67% | 65% |
| Owner homes with a mortgage | 42% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,453 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 20.1% | 20.4% | 21.0% |
| Median rent | $629 | $1,064 | $1,413 |
| Rent as a share of renters' income | 51.0% | 32.8% | 30.6% |
| Median year homes were built | 1977 | 1983 | 1980 |
| Vacant homes | 9.6% | 14.4% | 10.1% |
| Population | 9,585 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Raceland
At this week's average 30-year rate of 7.11%, buying the median Raceland home of $187,800 with 20% down costs about $1,155 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,468, 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 $49,485 for the 20%-down payment. That payment is 23% of the median Raceland household income of $60,286; at that income and 20% down, the 28% guideline points to a home of about $229,000.
The median rent here is $629 a month, so owning the median home costs about $526 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,560 |
|---|---|
| Loan amount | $150,240 |
| Principal and interest | $1,011 |
| Property taxes (0.42% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,155 |
Change the numbers in the calculator
| Down payment | $6,573 |
|---|---|
| Loan amount | $184,398 |
| Principal and interest | $1,240 |
| Property taxes (0.42% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $83 |
| Total per month | $1,468 |
Change the numbers in the calculator
Questions about home buying in Raceland
What is the median home value in Raceland?
About $187,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Raceland?
Homeowners pay a median $796 a year, which is about 0.42% 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 Raceland?
For the median home with 20% down at 7.11%, the payment is about $1,155 a month. Keeping that under 28% of gross income takes about $49,485 a year.
More about Raceland
- Mortgage Refinance in Raceland
- Debt Relief in Raceland
- Home Equity Loans in Raceland
- 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