The typical owner-occupied home in Erath is worth about $107,800, 50% below the Louisiana median of $216,500 and 68% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.18% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $47,568 a year, so the median home costs 2.3 times the median income (3.6 times for Louisiana). 63% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Erath at a glance
| Erath | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $107,800 | $216,500 | $332,700 |
| Median property tax paid per year | $199 | $1,180 | $3,119 |
| Property tax as a share of value | 0.18% | 0.55% | 0.94% |
| Median household income | $47,568 | $60,756 | $80,734 |
| Homes lived in by their owners | 63% | 67% | 65% |
| Owner homes with a mortgage | 37% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,393 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 20.4% | 21.0% |
| Median rent | $902 | $1,064 | $1,413 |
| Rent as a share of renters' income | 30.0% | 32.8% | 30.6% |
| Median year homes were built | 1969 | 1983 | 1980 |
| Vacant homes | 6.2% | 14.4% | 10.1% |
| Population | 1,907 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Erath
At this week's average 30-year rate of 7.11%, buying the median Erath home of $107,800 with 20% down costs about $641 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $821, 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 $27,481 for the 20%-down payment. That payment is 16% of the median Erath household income of $47,568; at that income and 20% down, the 28% guideline points to a home of about $187,000.
The median rent here is $902 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,560 |
|---|---|
| Loan amount | $86,240 |
| Principal and interest | $580 |
| Property taxes (0.18% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $641 |
Change the numbers in the calculator
| Down payment | $3,773 |
|---|---|
| Loan amount | $105,847 |
| Principal and interest | $712 |
| Property taxes (0.18% a year) | $16 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $821 |
Change the numbers in the calculator
Questions about home buying in Erath
What is the median home value in Erath?
About $107,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Erath?
Homeowners pay a median $199 a year, which is about 0.18% 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 Erath?
For the median home with 20% down at 7.11%, the payment is about $641 a month. Keeping that under 28% of gross income takes about $27,481 a year.
More about Erath
- Mortgage Refinance in Erath
- Debt Relief in Erath
- Home Equity Loans in Erath
- 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