Estimate your monthly payment in Louisiana. Uses 2026 average home prices ($210,000), 0.55% property tax, and programs for New Orleans, Baton Rouge, and Shreveport.
The average home price in Louisiana is approximately $210,000 in 2026. With a standard 20% down payment of $42,000, your estimated monthly principal and interest on a 30-year loan at 6.8% would be around $1,095. Adding Louisiana's 0.55% property tax and homeowner's insurance brings your total estimated monthly PITI to roughly $1,279.
Key markets include New Orleans, Baton Rouge, and Shreveport, each with varying price points. A 15-year loan at 6.3% would run approximately $1,445/month in P&I — higher payments but roughly half the lifetime interest cost. Adjust the sliders above to see how rate and term changes affect your payment instantly.
Louisiana offers the LHC Soft Second Program for qualifying buyers. These programs typically provide down payment assistance, below-market interest rates, or both. Contact your state housing finance agency to check current income and purchase-price limits.
2026 Rate Tip: 30-year fixed rates average 6.5–7.5% in 2026. Even 0.25% lower saves roughly $12,600 over the loan's life. Get quotes from at least 3–5 lenders.
The average home price in Louisiana is approximately $210,000 in 2026. New Orleans and Baton Rouge tend to have higher prices than rural areas of the state.
Louisiana's effective property tax rate is approximately 0.55%, which equals about $1,155/year or $96/month on a $210,000 home.
LHC Soft Second Program is available to qualifying buyers in Louisiana and offers down payment assistance and/or below-market rates. Contact your state housing finance agency for details.