The typical owner-occupied home in Kaplan is worth about $156,200, 28% below the Louisiana median of $216,500 and 53% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.13% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $40,109 a year, so the median home costs 3.9 times the median income (3.6 times for Louisiana). 58% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Kaplan at a glance
| Kaplan | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $156,200 | $216,500 | $332,700 |
| Median property tax paid per year | $199 | $1,180 | $3,119 |
| Property tax as a share of value | 0.13% | 0.55% | 0.94% |
| Median household income | $40,109 | $60,756 | $80,734 |
| Homes lived in by their owners | 58% | 67% | 65% |
| Owner homes with a mortgage | 26% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 20.4% | 21.0% |
| Median rent | $826 | $1,064 | $1,413 |
| Rent as a share of renters' income | 51.0% | 32.8% | 30.6% |
| Median year homes were built | 1973 | 1983 | 1980 |
| Vacant homes | 18.0% | 14.4% | 10.1% |
| Population | 4,238 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Kaplan
At this week's average 30-year rate of 7.11%, buying the median Kaplan home of $156,200 with 20% down costs about $923 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,183, 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 $39,541 for the 20%-down payment. That payment is 28% of the median Kaplan household income of $40,109; at that income and 20% down, the 28% guideline points to a home of about $158,000.
The median rent here is $826 a month, so owning the median home costs about $97 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,240 |
|---|---|
| Loan amount | $124,960 |
| Principal and interest | $841 |
| Property taxes (0.13% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $923 |
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| Down payment | $5,467 |
|---|---|
| Loan amount | $153,371 |
| Principal and interest | $1,032 |
| Property taxes (0.13% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,183 |
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Questions about home buying in Kaplan
What is the median home value in Kaplan?
About $156,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kaplan?
Homeowners pay a median $199 a year, which is about 0.13% 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 Kaplan?
For the median home with 20% down at 7.11%, the payment is about $923 a month. Keeping that under 28% of gross income takes about $39,541 a year.
More about Kaplan
- Mortgage Refinance in Kaplan
- Debt Relief in Kaplan
- Home Equity Loans in Kaplan
- 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