The typical owner-occupied home in Cotton Valley is worth about $68,600, 68% below the Louisiana median of $216,500 and 79% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.29% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $36,316 a year, so the median home costs 1.9 times the median income (3.6 times for Louisiana). 62% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Cotton Valley at a glance
| Cotton Valley | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $68,600 | $216,500 | $332,700 |
| Median property tax paid per year | $199 | $1,180 | $3,119 |
| Property tax as a share of value | 0.29% | 0.55% | 0.94% |
| Median household income | $36,316 | $60,756 | $80,734 |
| Homes lived in by their owners | 62% | 67% | 65% |
| Owner homes with a mortgage | 22% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $925 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 20.4% | 21.0% |
| Median rent | $725 | $1,064 | $1,413 |
| Rent as a share of renters' income | 24.4% | 32.8% | 30.6% |
| Median year homes were built | 1970 | 1983 | 1980 |
| Vacant homes | 24.4% | 14.4% | 10.1% |
| Population | 701 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Cotton Valley
At this week's average 30-year rate of 7.11%, buying the median Cotton Valley home of $68,600 with 20% down costs about $414 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $529, 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 $17,757 for the 20%-down payment. That payment is 14% of the median Cotton Valley household income of $36,316; at that income and 20% down, the 28% guideline points to a home of about $140,000.
The median rent here is $725 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,720 |
|---|---|
| Loan amount | $54,880 |
| Principal and interest | $369 |
| Property taxes (0.29% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $414 |
Change the numbers in the calculator
| Down payment | $2,401 |
|---|---|
| Loan amount | $67,357 |
| Principal and interest | $453 |
| Property taxes (0.29% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $30 |
| Total per month | $529 |
Change the numbers in the calculator
Questions about home buying in Cotton Valley
What is the median home value in Cotton Valley?
About $68,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cotton Valley?
Homeowners pay a median $199 a year, which is about 0.29% 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 Cotton Valley?
For the median home with 20% down at 7.11%, the payment is about $414 a month. Keeping that under 28% of gross income takes about $17,757 a year.
More about Cotton Valley
- Mortgage Refinance in Cotton Valley
- Debt Relief in Cotton Valley
- Home Equity Loans in Cotton Valley
- 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