The typical owner-occupied home in French Settlement is worth about $206,000, 5% below the Louisiana median of $216,500 and 38% below the national median of $332,700. Owners pay a median $1,011 a year in property taxes, about 0.49% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $72,396 a year, so the median home costs 2.8 times the median income (3.6 times for Louisiana). 89% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
French Settlement at a glance
| French Settlement | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $206,000 | $216,500 | $332,700 |
| Median property tax paid per year | $1,011 | $1,180 | $3,119 |
| Property tax as a share of value | 0.49% | 0.55% | 0.94% |
| Median household income | $72,396 | $60,756 | $80,734 |
| Homes lived in by their owners | 89% | 67% | 65% |
| Owner homes with a mortgage | 36% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,526 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 15.2% | 20.4% | 21.0% |
| Median rent | $1,183 | $1,064 | $1,413 |
| Rent as a share of renters' income | 23.0% | 32.8% | 30.6% |
| Median year homes were built | 2001 | 1983 | 1980 |
| Vacant homes | 6.9% | 14.4% | 10.1% |
| Population | 1,295 | 4,611,961 | 334,922,499 |
What a typical home costs per month in French Settlement
At this week's average 30-year rate of 7.11%, buying the median French Settlement home of $206,000 with 20% down costs about $1,279 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,622, 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 $54,796 for the 20%-down payment. That payment is 21% of the median French Settlement household income of $72,396; at that income and 20% down, the 28% guideline points to a home of about $272,000.
The median rent here is $1,183 a month, so owning the median home costs about $96 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,200 |
|---|---|
| Loan amount | $164,800 |
| Principal and interest | $1,109 |
| Property taxes (0.49% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,279 |
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| Down payment | $7,210 |
|---|---|
| Loan amount | $202,269 |
| Principal and interest | $1,361 |
| Property taxes (0.49% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $91 |
| Total per month | $1,622 |
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Questions about home buying in French Settlement
What is the median home value in French Settlement?
About $206,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in French Settlement?
Homeowners pay a median $1,011 a year, which is about 0.49% 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 French Settlement?
For the median home with 20% down at 7.11%, the payment is about $1,279 a month. Keeping that under 28% of gross income takes about $54,796 a year.
More about French Settlement
- Mortgage Refinance in French Settlement
- Debt Relief in French Settlement
- Home Equity Loans in French Settlement
- 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