The typical owner-occupied home in Addis is worth about $247,400, 14% above the Louisiana median of $216,500 and 26% below the national median of $332,700. Owners pay a median $1,443 a year in property taxes, about 0.58% of their home's value, higher than the Louisiana rate of 0.55%. The median household earns $108,041 a year, so the median home costs 2.3 times the median income (3.6 times for Louisiana). 79% of occupied homes here are lived in by their owners, and 85% of those owners still have a mortgage.
Addis at a glance
| Addis | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $247,400 | $216,500 | $332,700 |
| Median property tax paid per year | $1,443 | $1,180 | $3,119 |
| Property tax as a share of value | 0.58% | 0.55% | 0.94% |
| Median household income | $108,041 | $60,756 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 85% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,558 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 20.4% | 21.0% |
| Median rent | $1,273 | $1,064 | $1,413 |
| Rent as a share of renters' income | 32.7% | 32.8% | 30.6% |
| Median year homes were built | 2012 | 1983 | 1980 |
| Vacant homes | 1.3% | 14.4% | 10.1% |
| Population | 7,252 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Addis
At this week's average 30-year rate of 7.11%, buying the median Addis home of $247,400 with 20% down costs about $1,554 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,966, 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 $66,603 for the 20%-down payment. That payment is 17% of the median Addis household income of $108,041; at that income and 20% down, the 28% guideline points to a home of about $401,000.
The median rent here is $1,273 a month, so owning the median home costs about $281 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,480 |
|---|---|
| Loan amount | $197,920 |
| Principal and interest | $1,331 |
| Property taxes (0.58% a year) | $120 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| PMI | $0 |
| Total per month | $1,554 |
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| Down payment | $8,659 |
|---|---|
| Loan amount | $242,919 |
| Principal and interest | $1,634 |
| Property taxes (0.58% a year) | $120 |
| Homeowners insurance (our estimate, 0.5% a year) | $103 |
| FHA mortgage insurance | $109 |
| Total per month | $1,966 |
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Questions about home buying in Addis
What is the median home value in Addis?
About $247,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Addis?
Homeowners pay a median $1,443 a year, which is about 0.58% 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 Addis?
For the median home with 20% down at 7.11%, the payment is about $1,554 a month. Keeping that under 28% of gross income takes about $66,603 a year.
More about Addis
- Mortgage Refinance in Addis
- Debt Relief in Addis
- Home Equity Loans in Addis
- 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