Total monthly cost of ownership
Cost to Own a Home in Bastrop, Louisiana
A $85,000 home here costs
$865per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $37,000 a year.
A standard mortgage calculator would have told you $463. The real number is $402 higher every month, 87% more than the payment most buyers budget for.
Compare Morehouse Parish with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bastrop against Morehouse Parish and Louisiana
| Measure | Bastrop | Morehouse Parish |
|---|---|---|
| Median home value | $85,400 | $108,700 |
| Median property tax | $378 | $467 |
| Effective tax rate | 0.443% | 0.430% |
| Median gross rent | $828 | $795 |
| Population | 9,408 | 24,967 |
The weather behind that power bill
Bastrop sits in Morehouse Parish, which averages a high of 90.6°F in its hottest month and a low of 33.9°F in its coldest, with 58.39" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,106 cooling and 2,705 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Morehouse Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Morehouse Parish
No other places of this size are published in Morehouse Parish.
Full Morehouse Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Bastrop averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bastrop every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bastrop I already own here and may sell
Common questions
How much does it cost to own a home in Bastrop?
A $85,000 home in Bastrop, Louisiana costs approximately $865 per month with 20% down at 7.24%. That is $463 principal and interest, $31 property tax, $77 homeowners insurance, $223 utilities and $71 set aside for maintenance.
What is the property tax rate in Bastrop?
Bastrop has an effective property tax rate of 0.443%, based on a median home value of $85,400 and median real estate taxes of $378. That is higher than the Morehouse Parish average of 0.430%.
What is the average home price in Bastrop?
The median owner-occupied home value in Bastrop, Louisiana is $85,400, against $108,700 across Morehouse Parish.
Is it cheaper to rent or buy in Bastrop?
Median gross rent in Bastrop is $828 a month, against $865 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bastrop?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bastrop, Louisiana at today's rate takes a household income of roughly $37,000 a year. That covers the full $865 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bastrop, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Louisiana.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.