🏦 Mortgage Calculators Louisiana

How Much House Can I Afford in Louisiana?

Find out how much house you can afford in Louisiana with 0.55% property tax. Uses 28/36 rule with Louisiana-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Louisiana Quick Facts

4.3% Income Tax Rate

0.55% Property Tax Rate

$52,295 Median Income

91.1 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Louisiana using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Louisiana's effective property tax rate of 0.55% and average home insurance of $3,200/year. Median home price in Louisiana: $195,000.

Key State Information

Louisiana housing market: Median home price $195,000 | Property tax rate 0.55% | Avg home insurance $3,200/yr | Median household income $52,295. Home prices are moderate relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Louisiana?

With Louisiana's median household income of $52,295 and a 10% down payment, you can typically afford a home priced around $183,033-$235,328 depending on debts and interest rates. The median home in Louisiana costs $195,000.

What is the property tax rate in Louisiana?

Louisiana's effective property tax rate is 0.55%. On a $195,000 home, that's approximately $1,073/year or $89/month.