The typical owner-occupied home in Varnado is worth about $106,300, 51% below the Louisiana median of $216,500 and 68% below the national median of $332,700. The median household earns $39,250 a year, so the median home costs 2.7 times the median income (3.6 times for Louisiana). 59% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Varnado at a glance
| Varnado | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $106,300 | $216,500 | $332,700 |
| Median property tax paid per year | – | $1,180 | $3,119 |
| Median household income | $39,250 | $60,756 | $80,734 |
| Homes lived in by their owners | 59% | 67% | 65% |
| Owner homes with a mortgage | 36% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,075 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 20.4% | 21.0% |
| Median rent | $829 | $1,064 | $1,413 |
| Rent as a share of renters' income | 47.0% | 32.8% | 30.6% |
| Median year homes were built | 1974 | 1983 | 1980 |
| Vacant homes | 17.3% | 14.4% | 10.1% |
| Population | 425 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Varnado
At this week's average 30-year rate of 7.11%, buying the median Varnado home of $106,300 with 20% down costs about $714 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $891, 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 $30,591 for the 20%-down payment. That payment is 22% of the median Varnado household income of $39,250; at that income and 20% down, the 28% guideline points to a home of about $136,000.
The median rent here is $829 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,260 |
|---|---|
| Loan amount | $85,040 |
| Principal and interest | $572 |
| Property taxes (1.10% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $714 |
Change the numbers in the calculator
| Down payment | $3,720 |
|---|---|
| Loan amount | $104,375 |
| Principal and interest | $702 |
| Property taxes (1.10% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $891 |
Change the numbers in the calculator
Questions about home buying in Varnado
What is the median home value in Varnado?
About $106,300 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 Varnado?
For the median home with 20% down at 7.11%, the payment is about $714 a month. Keeping that under 28% of gross income takes about $30,591 a year.
More about Varnado
- Mortgage Refinance in Varnado
- Debt Relief in Varnado
- Home Equity Loans in Varnado
- 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