The typical owner-occupied home in Erwinville is worth about $189,500, 12% below the Louisiana median of $216,500 and 43% below the national median of $332,700. Owners pay a median $925 a year in property taxes, about 0.49% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $52,120 a year, so the median home costs 3.6 times the median income (3.6 times for Louisiana). 77% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Erwinville at a glance
| Erwinville | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $189,500 | $216,500 | $332,700 |
| Median property tax paid per year | $925 | $1,180 | $3,119 |
| Property tax as a share of value | 0.49% | 0.55% | 0.94% |
| Median household income | $52,120 | $60,756 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 33% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,164 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 20.4% | 21.0% |
| Median rent | – | $1,064 | $1,413 |
| Median year homes were built | 1985 | 1983 | 1980 |
| Vacant homes | 20.5% | 14.4% | 10.1% |
| Population | 2,420 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Erwinville
At this week's average 30-year rate of 7.11%, buying the median Erwinville home of $189,500 with 20% down costs about $1,176 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,492, 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 $50,407 for the 20%-down payment. That payment is 27% of the median Erwinville household income of $52,120; at that income and 20% down, the 28% guideline points to a home of about $196,000.
| Down payment | $37,900 |
|---|---|
| Loan amount | $151,600 |
| Principal and interest | $1,020 |
| Property taxes (0.49% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| PMI | $0 |
| Total per month | $1,176 |
Change the numbers in the calculator
| Down payment | $6,632 |
|---|---|
| Loan amount | $186,068 |
| Principal and interest | $1,252 |
| Property taxes (0.49% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| FHA mortgage insurance | $84 |
| Total per month | $1,492 |
Change the numbers in the calculator
Questions about home buying in Erwinville
What is the median home value in Erwinville?
About $189,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Erwinville?
Homeowners pay a median $925 a year, which is about 0.49% 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 Erwinville?
For the median home with 20% down at 7.11%, the payment is about $1,176 a month. Keeping that under 28% of gross income takes about $50,407 a year.
More about Erwinville
- Mortgage Refinance in Erwinville
- Debt Relief in Erwinville
- Home Equity Loans in Erwinville
- 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