Mortgage payment estimates, closing cost breakdowns, and homebuying data for Houma, Louisiana.
Pre-filled with Houma median home price and Louisiana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Louisiana rates and fees applied to Houma prices.
The median home price in Houma is $175,000, 10% below the Louisiana state median of $195,000. With a population of 33,278, Houma is a smaller market where home prices tend to be more accessible than in many parts of Louisiana.
Property taxes in Louisiana average 0.55% annually. This low property tax rate is a significant advantage for Houma buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Louisiana runs approximately $3,500 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Houma is $920/month. The price-to-rent ratio in Houma is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Houma offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Louisiana's LHC Resilience Soft Second program.