Side-by-side comparison of home prices, mortgage payments, and housing costs between Alexandria and Houma, Louisiana. Using Louisiana's 0.55% property tax rate and $3,500/year insurance. Updated for 2026.
Alexandria edges out Houma in affordability, saving you roughly $130/month on total housing costs. Both cities are in Louisiana, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Louisiana's 0.55% property tax rate.
Buying in Alexandria saves you approximately $130/month ($1,560/year) compared to Houma, based on median home prices with identical loan terms.
Alexandria is the better choice for first-time buyers, with a median price of $155K versus $175K in Houma. That's $20K less to save for a down payment. You'd need roughly $5K for an FHA 3.5% down payment in Alexandria, compared to $6K in Houma. Louisiana offers the LHC Mortgage Revenue Bond program (Up to $10,000 soft second loan) which applies in both cities.
Alexandria has the better price-to-rent ratio at 15.2x versus 15.9x in Houma. A lower ratio generally signals better rental income relative to purchase price. Average rent in Alexandria is $850/month on a $155K median home, making it a stronger candidate for buy-and-rent investors.
Alexandria (pop. 46,545) offers more amenities, schools, and services typical of a larger city, while Houma (pop. 33,278) may offer a quieter, more community-oriented lifestyle. Alexandria offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.