Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Louisiana homebuyers.
Pre-filled with Louisiana medians. Adjust for your property.
Estimated closing costs based on Louisiana tax rates and fees.
The median home price in Louisiana is $195,000, with property taxes averaging 0.55% annually. Louisiana's low property tax rate is a major advantage for buyers, keeping monthly costs well below what you'd pay in high-tax states.
Closing costs in Louisiana average $3K (1.6%% of purchase price). Louisiana does not charge a transfer tax, which helps keep closing costs lower. Homeowners insurance runs approximately $3,500 per year. Insurance costs are notably high — factor this into your monthly budget.
Louisiana offers the LHC Resilience Soft Second for first-time buyers: Up to $55,000 forgivable. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Louisiana offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with state assistance programs.