Estimate your monthly payment using Louisiana's average home price of $210,000 and property tax rate of 0.55%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Louisiana's housing market in 2026 has a median home price of approximately $210,000, placing it well below the national median of around $420,000. New Orleans' unique architecture and culture create a distinct housing market with shotgun homes and Creole cottages at varying price points. Whether you're buying your first home in New Orleans or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Louisiana average 0.55% of assessed value annually — among the lowest property tax rates in the nation. On a $210,000 home, that translates to roughly $96 per month added to your mortgage payment. New Orleans, Baton Rouge, and Shreveport all fall under Louisiana's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
Louisiana Housing Corporation (LHC) offers the Soft Second program with forgivable second mortgages for down payment help. Beyond state programs, FHA loans remain popular in Louisiana requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Louisiana's Homestead Exemption exempts the first $75,000 of fair market value of a primary residence from property taxes. When shopping for a mortgage in Louisiana, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $210,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Louisiana home of $210,000 puts your estimated total monthly cost at approximately $1,279 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Louisiana is approximately $210,000 as of 2026. Prices vary significantly by city and county — New Orleans tends to be pricier while more rural areas offer lower prices.
Louisiana has among the lowest property tax rates in the nation at 0.55% of assessed value. On a $210,000 home that adds about $96 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
Louisiana Housing Corporation (LHC) offers the Soft Second program with forgivable second mortgages for down payment help. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.