How Much House Can You Afford in Louisiana?

Louisiana property tax rate: 0.55%. Calculate your maximum affordable home price with Louisiana-specific rates.

You can afford a home up to

$292,184

That's a 2-bedroom home

Based on your $75,000 income with 20% down

$292K

Your $292,184 budget buys

MiamiStudio apartmentNashville2-bedroom condo/townhomeRaleigh3-bedroom homeCharlotte3-bedroom homeTampa3-bedroom homeNew York CityStudio in Upper Manhattan/BronxDenver1-bedroom condoSalt Lake City2-bedroom condo/townhomePortland1-bedroom condoAustin2-bedroom condo/townhomePhoenix2-bedroom condo/townhomeMinneapolis3-bedroom homeChicago2-bedroom condoSan FranciscoNothing yetLos AngelesNothing yetSeattleNothing yet
28%Recommended
$
%
%

Monthly payment breakdown

$1,750/mo

P&I$1,516
Tax$134
Insurance$100
Calculate your mortgage payment on $292,184Should you rent or buy at this price?

Home price

$292,184

Down payment

$58,437

Loan amount

$233,748

No PMI

Waived (20%+ down)

This is an estimate using Louisiana's average property tax rate of 0.55%. Actual rates vary by county. Consult a local lender for a pre-approval.

How it works

This calculator uses the 28/36 rule — a widely used guideline for mortgage affordability. Your total housing costs (mortgage, taxes, insurance, PMI, HOA) should not exceed your chosen DTI ratio of gross monthly income.

The calculator works backwards from your income to find the maximum home price that keeps monthly costs within your DTI limit. It uses the standard amortization formula and Louisiana's average property tax rate of 0.55%.

Louisiana housing quick facts

Average property tax rate 0.55%
Monthly property tax on $400K home $183
Affordable home at $100K income (28% DTI) $395,482
Monthly payment at $100K income $2,333/mo

FAQ

How much house can I afford in Louisiana?

On a $100,000 income with 20% down at 6.75% interest and Louisiana's 0.55% property tax rate, you can afford approximately $395,482 using the recommended 28% DTI ratio. Your monthly payment would be about $2,333.

What is the property tax rate in Louisiana?

The average effective property tax rate in Louisiana is 0.55%. On a $400,000 home, that's approximately $183/month in property taxes. Actual rates vary by county and municipality.

Is Louisiana expensive for homebuyers?

Louisiana has below-average property taxes at 0.55%, which helps with affordability. On a $100,000 income, you can afford about $395,482 — more than many other states.

What is the 28/36 rule?

The 28/36 rule says your total housing costs should not exceed 28% of gross monthly income (front-end DTI), and total debt payments should not exceed 36% (back-end DTI). This calculator lets you adjust the DTI ratio from 20% to 40% to find your comfort level.

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