Cost of Ownership · Louisiana
The true cost of owning a home in Louisiana
For a median $216,500 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.
Lender-approved payment
$1,638/mo
PITI + PMI
True monthly cost
$1,819/mo
everything, incl. upkeep
The gap
+$180/mo
what approval leaves out
Effective property-tax rate
0.55%
Avg. homeowners premium
$2,603/yr
NFIP flood claims on record
484,979
Closing costs in Louisiana
Median closing costs and lender origination charges on real home-purchase loans in Louisiana, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$6,293
Typically $4,462–$8,792
Median origination charges
$2,374
Typically $1,360–$4,292
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $4,462 | $6,293 | $8,792 | 31,764 |
| All | $4,120 | $6,150 | $8,829 | 31,334 |
| < $250k | $4,209 | $5,860 | $7,731 | 18,100 |
| < $250k | $3,850 | $5,584 | $7,686 | 18,937 |
| $250k–$500k | $4,768 | $7,288 | $10,515 | 11,704 |
| $250k–$500k | $4,575 | $7,542 | $11,147 | 10,801 |
| $500k–$750k | $5,125 | $7,034 | $11,984 | 1,264 |
| $500k–$750k | $5,393 | $6,681 | $11,607 | 1,393 |
| > $750k | $6,544 | $7,818 | $11,800 | 567 |
| > $750k | $5,933 | $7,171 | $12,842 | 332 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Louisiana
- What are the median closing costs in Louisiana?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Louisiana are about $6,293, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Louisiana?
- The effective property-tax rate in Louisiana is about 0.55%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Louisiana?
- A median $216,500 home in Louisiana costs about $1,819 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,638. Every figure is from public data.
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.