Cost of Ownership · Louisiana

The true cost of owning a home in Louisiana

For a median $208,700 home in Louisiana, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$1,569/mo

PITI + PMI

True monthly cost

$1,743/mo

everything, incl. upkeep

The gap

+$174/mo

what approval leaves out

Principal & interest$1,179/mo

Property tax$96/mo

Homeowners insurance$217/mo

PMI (LTV > 80%)$78/mo

Maintenance reserve$174/mo

True monthly cost$1,743/mo

Effective property-tax rate

0.55%

Avg. homeowners premium

$2,603/yr

NFIP flood claims on record

484,979

These figures use Louisiana’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Louisiana ranks on property tax and insurance, or browse every state.