The typical owner-occupied home in Simsboro is worth about $84,300, 61% below the Louisiana median of $216,500 and 75% below the national median of $332,700. Owners pay a median $517 a year in property taxes, about 0.61% of their home's value, higher than the Louisiana rate of 0.55%. The median household earns $31,658 a year, so the median home costs 2.7 times the median income (3.6 times for Louisiana). 55% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Simsboro at a glance
| Simsboro | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $84,300 | $216,500 | $332,700 |
| Median property tax paid per year | $517 | $1,180 | $3,119 |
| Property tax as a share of value | 0.61% | 0.55% | 0.94% |
| Median household income | $31,658 | $60,756 | $80,734 |
| Homes lived in by their owners | 55% | 67% | 65% |
| Owner homes with a mortgage | 37% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $992 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 20.4% | 21.0% |
| Median rent | $934 | $1,064 | $1,413 |
| Rent as a share of renters' income | 34.9% | 32.8% | 30.6% |
| Median year homes were built | 1975 | 1983 | 1980 |
| Vacant homes | 10.9% | 14.4% | 10.1% |
| Population | 851 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Simsboro
At this week's average 30-year rate of 7.11%, buying the median Simsboro home of $84,300 with 20% down costs about $532 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $672, 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 $22,785 for the 20%-down payment. That payment is 20% of the median Simsboro household income of $31,658; at that income and 20% down, the 28% guideline points to a home of about $117,000.
The median rent here is $934 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,860 |
|---|---|
| Loan amount | $67,440 |
| Principal and interest | $454 |
| Property taxes (0.61% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $532 |
Change the numbers in the calculator
| Down payment | $2,950 |
|---|---|
| Loan amount | $82,773 |
| Principal and interest | $557 |
| Property taxes (0.61% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $37 |
| Total per month | $672 |
Change the numbers in the calculator
Questions about home buying in Simsboro
What is the median home value in Simsboro?
About $84,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Simsboro?
Homeowners pay a median $517 a year, which is about 0.61% 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 Simsboro?
For the median home with 20% down at 7.11%, the payment is about $532 a month. Keeping that under 28% of gross income takes about $22,785 a year.
More about Simsboro
- Mortgage Refinance in Simsboro
- Debt Relief in Simsboro
- Home Equity Loans in Simsboro
- 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