The typical owner-occupied home in Louisiana is worth about $72,100, 69% below the Missouri median of $230,300 and 78% below the national median of $332,700. Owners pay a median $680 a year in property taxes, about 0.94% of their home's value, higher than the Missouri rate of 0.85%. The median household earns $38,673 a year, so the median home costs 1.9 times the median income (3.3 times for Missouri). 61% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Louisiana at a glance
| Louisiana | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $72,100 | $230,300 | $332,700 |
| Median property tax paid per year | $680 | $1,948 | $3,119 |
| Property tax as a share of value | 0.94% | 0.85% | 0.94% |
| Median household income | $38,673 | $70,702 | $80,734 |
| Homes lived in by their owners | 61% | 68% | 65% |
| Owner homes with a mortgage | 40% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $903 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 25.1% | 19.0% | 21.0% |
| Median rent | $645 | $1,033 | $1,413 |
| Rent as a share of renters' income | 25.8% | 28.1% | 30.6% |
| Median year homes were built | 1952 | 1978 | 1980 |
| Vacant homes | 22.2% | 11.2% | 10.1% |
| Population | 3,228 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Louisiana
At this week's average 30-year rate of 7.11%, buying the median Louisiana home of $72,100 with 20% down costs about $475 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $595, 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 $20,337 for the 20%-down payment. That payment is 15% of the median Louisiana household income of $38,673; at that income and 20% down, the 28% guideline points to a home of about $137,000.
The median rent here is $645 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,420 |
|---|---|
| Loan amount | $57,680 |
| Principal and interest | $388 |
| Property taxes (0.94% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $475 |
Change the numbers in the calculator
| Down payment | $2,524 |
|---|---|
| Loan amount | $70,794 |
| Principal and interest | $476 |
| Property taxes (0.94% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $595 |
Change the numbers in the calculator
Questions about home buying in Louisiana
What is the median home value in Louisiana?
About $72,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Louisiana?
Homeowners pay a median $680 a year, which is about 0.94% 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 Louisiana?
For the median home with 20% down at 7.11%, the payment is about $475 a month. Keeping that under 28% of gross income takes about $20,337 a year.
More about Louisiana
- Mortgage Refinance in Louisiana
- Debt Relief in Louisiana
- Home Equity Loans in Louisiana
- 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