Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Louisiana and Virginia. Updated for 2026.
Metric
Louisiana
Virginia
Median Home Price
$195K
$400K
Property Tax Rate
0.55%
0.82%
Avg Closing Costs
$3K
$6K
Closing Cost %
1.6%
1.5%
Transfer Tax
None
0.25%
Homeowners Insurance
$3,500/yr
$1,700/yr
First-Time Buyer Program
LHC Resilience Soft Second
Up to $55,000 forgivable
Virginia Housing DPA Grant
Up to 2.5% grant
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 Virginia. Both states offer first-time buyer programs — explore the state pages for full details.