The typical owner-occupied home in Saint Martinville is worth about $100,100, 54% below the Louisiana median of $216,500 and 70% below the national median of $332,700. Owners pay a median $254 a year in property taxes, about 0.25% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $36,130 a year, so the median home costs 2.8 times the median income (3.6 times for Louisiana). 57% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Saint Martinville at a glance
| Saint Martinville | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $100,100 | $216,500 | $332,700 |
| Median property tax paid per year | $254 | $1,180 | $3,119 |
| Property tax as a share of value | 0.25% | 0.55% | 0.94% |
| Median household income | $36,130 | $60,756 | $80,734 |
| Homes lived in by their owners | 57% | 67% | 65% |
| Owner homes with a mortgage | 41% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,107 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 21.1% | 20.4% | 21.0% |
| Median rent | $765 | $1,064 | $1,413 |
| Rent as a share of renters' income | 39.0% | 32.8% | 30.6% |
| Median year homes were built | 1969 | 1983 | 1980 |
| Vacant homes | 17.8% | 14.4% | 10.1% |
| Population | 5,297 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Saint Martinville
At this week's average 30-year rate of 7.11%, buying the median Saint Martinville home of $100,100 with 20% down costs about $601 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $768, 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 $25,768 for the 20%-down payment. That payment is 20% of the median Saint Martinville household income of $36,130; at that income and 20% down, the 28% guideline points to a home of about $140,000.
The median rent here is $765 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,020 |
|---|---|
| Loan amount | $80,080 |
| Principal and interest | $539 |
| Property taxes (0.25% a year) | $21 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $601 |
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| Down payment | $3,504 |
|---|---|
| Loan amount | $98,287 |
| Principal and interest | $661 |
| Property taxes (0.25% a year) | $21 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $44 |
| Total per month | $768 |
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Questions about home buying in Saint Martinville
What is the median home value in Saint Martinville?
About $100,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saint Martinville?
Homeowners pay a median $254 a year, which is about 0.25% 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 Saint Martinville?
For the median home with 20% down at 7.11%, the payment is about $601 a month. Keeping that under 28% of gross income takes about $25,768 a year.
More about Saint Martinville
- Mortgage Refinance in Saint Martinville
- Debt Relief in Saint Martinville
- Home Equity Loans in Saint Martinville
- 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