The typical owner-occupied home in Shongaloo is worth about $114,600, 47% below the Louisiana median of $216,500 and 66% below the national median of $332,700. The median household earns $58,125 a year, so the median home costs 2.0 times the median income (3.6 times for Louisiana). 98% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Shongaloo at a glance
| Shongaloo | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $114,600 | $216,500 | $332,700 |
| Median property tax paid per year | – | $1,180 | $3,119 |
| Median household income | $58,125 | $60,756 | $80,734 |
| Homes lived in by their owners | 98% | 67% | 65% |
| Owner homes with a mortgage | 18% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,292 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 13.8% | 20.4% | 21.0% |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1993 | 1983 | 1980 |
| Vacant homes | 22.6% | 14.4% | 10.1% |
| Population | 85 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Shongaloo
At this week's average 30-year rate of 7.11%, buying the median Shongaloo home of $114,600 with 20% down costs about $770 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $960, 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 $32,980 for the 20%-down payment. That payment is 16% of the median Shongaloo household income of $58,125; at that income and 20% down, the 28% guideline points to a home of about $202,000.
| Down payment | $22,920 |
|---|---|
| Loan amount | $91,680 |
| Principal and interest | $617 |
| Property taxes (1.10% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $770 |
Change the numbers in the calculator
| Down payment | $4,011 |
|---|---|
| Loan amount | $112,524 |
| Principal and interest | $757 |
| Property taxes (1.10% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $960 |
Change the numbers in the calculator
Questions about home buying in Shongaloo
What is the median home value in Shongaloo?
About $114,600 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 Shongaloo?
For the median home with 20% down at 7.11%, the payment is about $770 a month. Keeping that under 28% of gross income takes about $32,980 a year.
More about Shongaloo
- Mortgage Refinance in Shongaloo
- Debt Relief in Shongaloo
- Home Equity Loans in Shongaloo
- 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