Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Louisiana and Oklahoma. Updated for 2026.
Metric
Louisiana
Oklahoma
Median Home Price
$195K
$210K
Property Tax Rate
0.55%
0.88%
Avg Closing Costs
$3K
$3K
Closing Cost %
1.6%
1.3%
Transfer Tax
None
0.075%
Homeowners Insurance
$3,500/yr
$3,600/yr
First-Time Buyer Program
LHC Resilience Soft Second
Up to $55,000 forgivable
OHFA Homebuyer DPA
Up to 3.5% DPA
Verdict
Louisiana wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $195K and lower overall costs, Louisiana offers meaningful savings compared to Oklahoma. Both states offer first-time buyer programs — explore the state pages for full details.