Mortgage payment estimates, closing cost breakdowns, and homebuying data for Shreveport, Louisiana.
Pre-filled with Shreveport median home price and Louisiana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Louisiana rates and fees applied to Shreveport prices.
The median home price in Shreveport is $155,000, 21% below the Louisiana state median of $195,000. With a population of 187,593, Shreveport is a mid-size city 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 Shreveport 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 Shreveport is $880/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Shreveport over the long term.
Shreveport 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.