The typical owner-occupied home in Spearsville is worth about $87,500, 60% below the Louisiana median of $216,500 and 74% below the national median of $332,700. The median household earns $44,375 a year, so the median home costs 2.0 times the median income (3.6 times for Louisiana). 96% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Spearsville at a glance
| Spearsville | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $87,500 | $216,500 | $332,700 |
| Median property tax paid per year | – | $1,180 | $3,119 |
| Median household income | $44,375 | $60,756 | $80,734 |
| Homes lived in by their owners | 96% | 67% | 65% |
| Owner homes with a mortgage | 49% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $867 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 20.4% | 21.0% |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1973 | 1983 | 1980 |
| Vacant homes | 28.2% | 14.4% | 10.1% |
| Population | 93 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Spearsville
At this week's average 30-year rate of 7.11%, buying the median Spearsville home of $87,500 with 20% down costs about $588 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $733, 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 $25,181 for the 20%-down payment. That payment is 16% of the median Spearsville household income of $44,375; at that income and 20% down, the 28% guideline points to a home of about $154,000.
| Down payment | $17,500 |
|---|---|
| Loan amount | $70,000 |
| Principal and interest | $471 |
| Property taxes (1.10% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $588 |
Change the numbers in the calculator
| Down payment | $3,062 |
|---|---|
| Loan amount | $85,915 |
| Principal and interest | $578 |
| Property taxes (1.10% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $39 |
| Total per month | $733 |
Change the numbers in the calculator
Questions about home buying in Spearsville
What is the median home value in Spearsville?
About $87,500 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 Spearsville?
For the median home with 20% down at 7.11%, the payment is about $588 a month. Keeping that under 28% of gross income takes about $25,181 a year.
More about Spearsville
- Mortgage Refinance in Spearsville
- Debt Relief in Spearsville
- Home Equity Loans in Spearsville
- 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