The typical owner-occupied home in Hall Summit is worth about $93,800, 57% below the Louisiana median of $216,500 and 72% below the national median of $332,700. 61% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Hall Summit at a glance
| Hall Summit | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $93,800 | $216,500 | $332,700 |
| Median property tax paid per year | – | $1,180 | $3,119 |
| Median household income | – | $60,756 | $80,734 |
| Homes lived in by their owners | 61% | 67% | 65% |
| Owner homes with a mortgage | 61% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,106 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 13.3% | 20.4% | 21.0% |
| Median rent | $910 | $1,064 | $1,413 |
| Rent as a share of renters' income | 46.3% | 32.8% | 30.6% |
| Median year homes were built | 1996 | 1983 | 1980 |
| Vacant homes | 24.5% | 14.4% | 10.1% |
| Population | 222 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Hall Summit
At this week's average 30-year rate of 7.11%, buying the median Hall Summit home of $93,800 with 20% down costs about $630 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $786, 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 $26,994 for the 20%-down payment.
The median rent here is $910 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,760 |
|---|---|
| Loan amount | $75,040 |
| Principal and interest | $505 |
| Property taxes (1.10% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $630 |
Change the numbers in the calculator
| Down payment | $3,283 |
|---|---|
| Loan amount | $92,101 |
| Principal and interest | $620 |
| Property taxes (1.10% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $786 |
Change the numbers in the calculator
Questions about home buying in Hall Summit
What is the median home value in Hall Summit?
About $93,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Hall Summit?
For the median home with 20% down at 7.11%, the payment is about $630 a month. Keeping that under 28% of gross income takes about $26,994 a year.
More about Hall Summit
- Mortgage Refinance in Hall Summit
- Debt Relief in Hall Summit
- Home Equity Loans in Hall Summit
- 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