2026 data · 0.55% property tax · Median home $181,500
Louisiana Mortgage Calculator
A median-priced home in Louisiana ($181,500) costs roughly $1,273 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Louisiana's effective property tax rate is 0.55% — well below the US average of about 1.0%.
Louisiana median-home monthly payment
$1,273/mo
P&I $966 · Tax $83 · Insurance $224
@ $181,500 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Louisiana
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $181,500 (state median) | $36,300 | $966 | $83 | $224 | $1,273 |
| $200,000 | $40,000 | $1,064 | $92 | $247 | $1,403 |
| $300,000 | $60,000 | $1,597 | $138 | $370 | $2,104 |
| $400,000 | $80,000 | $2,129 | $183 | $493 | $2,806 |
| $500,000 | $100,000 | $2,661 | $229 | $617 | $3,507 |
| $750,000 | $150,000 | $3,992 | $344 | $925 | $5,261 |
Calculations use Louisiana's 0.55% effective property tax rate, estimated homeowners insurance at 1.48%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Louisiana property tax
Effective rate
0.55%
Median home value
$181,500
Median property tax
$988/yr
Louisiana has very low property tax rates (0.55%) but high homeowners insurance due to hurricane risk. Homestead exemption protects first $75,000 of value from parish property tax. Bond for Deed transactions are common alternative to traditional mortgages.
See our property tax calculator for a state-by-state property tax breakdown, and our Louisiana paycheck calculator to estimate take-home pay against this monthly housing cost.
Louisiana vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Louisiana (this page) | 0.55% | $181,500 | $988 | |
| Arkansas | 0.57% | $154,800 | $878 | Arkansas mortgage → |
| Mississippi | 0.65% | $140,200 | $872 | Mississippi mortgage → |
| Texas | 1.60% | $268,200 | $4,300 | Texas mortgage → |
FAQs about Louisiana mortgages
What is the property tax rate in Louisiana?
Louisiana's effective property tax rate is 0.55%, meaning the average homeowner pays roughly 0.55% of their home's value in property tax annually. On a $181,500 home (the state median), that's about $988 per year, or $82 per month added to your mortgage payment.
What is the average monthly mortgage payment in Louisiana?
For a home at Louisiana's median value of $181,500, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Louisiana's 0.55% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,273. This includes $966 principal & interest, $83 property tax, and $224 homeowners insurance.
How much income do I need to buy a house in Louisiana?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $54,557 to comfortably afford Louisiana's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $35,526 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Louisiana a good state to buy a house?
Louisiana's combination of 0.55% property tax (well below the national average of ~1.0%) and median home value of $181,500 make it one of the more affordable states for homeowners. Louisiana has very low property tax rates (0.55%) but high homeowners insurance due to hurricane risk.
How does Louisiana property tax compare to neighboring states?
Louisiana's 0.55% rate compares to: Arkansas at 0.57%, Mississippi at 0.65%, Texas at 1.60%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Louisiana have a homestead exemption?
Louisiana has very low property tax rates (0.55%) but high homeowners insurance due to hurricane risk. Homestead exemption protects first $75,000 of value from parish property tax. Bond for Deed transactions are common alternative to traditional mortgages.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Louisiana mortgage, the breakdown on a median-priced home would be: Principal & Interest $966, Property Tax $83, Homeowners Insurance $224. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.