Total monthly cost of ownership
Cost to Own a Home in Berwick, Louisiana
A $188,000 home here costs
$1,625per 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 $69,500 a year.
A standard mortgage calculator would have told you $1,025. The real number is $600 higher every month, 59% more than the payment most buyers budget for.
Compare St. Mary Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Berwick from a five-year rolling sample, and with about 4,680 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The St. Mary Parish figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Berwick against St. Mary Parish and Louisiana
| Measure | Berwick | St. Mary Parish |
|---|---|---|
| Median home value | $188,000 | $128,000 |
| Median property tax | $613 | $515 |
| Effective tax rate | 0.326% | 0.402% |
| Median gross rent | $492 | $839 |
| Population | 4,680 | 48,455 |
The weather behind that power bill
Berwick sits in St. Mary Parish, which averages a high of 90.1°F in its hottest month and a low of 42.5°F in its coldest, with 66.79" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,558 cooling and 1,509 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for St. Mary Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Mary Parish
Full St. Mary Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Berwick 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 Berwick every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Berwick I already own here and may sell
Common questions
How much does it cost to own a home in Berwick?
A $188,000 home in Berwick, Louisiana costs approximately $1,625 per month with 20% down at 7.24%. That is $1,025 principal and interest, $51 property tax, $170 homeowners insurance, $223 utilities and $157 set aside for maintenance.
What is the property tax rate in Berwick?
Berwick has an effective property tax rate of 0.326%, based on a median home value of $188,000 and median real estate taxes of $613. That is lower than the St. Mary Parish average of 0.402%.
What is the average home price in Berwick?
The median owner-occupied home value in Berwick, Louisiana is $188,000, against $128,000 across St. Mary Parish.
Is it cheaper to rent or buy in Berwick?
Median gross rent in Berwick is $492 a month, against $1,625 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 Berwick?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Berwick, Louisiana at today's rate takes a household income of roughly $69,500 a year. That covers the full $1,625 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Berwick, 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.