Total monthly cost of ownership
Cost to Own a Home in Bunkie, Louisiana
A $84,000 home here costs
$843per 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 $36,000 a year.
A standard mortgage calculator would have told you $458. The real number is $385 higher every month, 84% more than the payment most buyers budget for.
Compare Avoyelles Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bunkie from a five-year rolling sample, and with about 3,299 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 Avoyelles 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.
Bunkie against Avoyelles Parish and Louisiana
| Measure | Bunkie | Avoyelles Parish |
|---|---|---|
| Median home value | $84,200 | $120,200 |
| Median property tax | $199 | $244 |
| Effective tax rate | 0.236% | 0.203% |
| Median gross rent | $819 | $739 |
| Population | 3,299 | 39,176 |
The weather behind that power bill
Bunkie sits in Avoyelles Parish, which averages a high of 93.6°F in its hottest month and a low of 36.8°F in its coldest, with 57.13" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,428 cooling and 2,052 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Avoyelles Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Avoyelles Parish
Full Avoyelles Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Bunkie 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 Bunkie every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bunkie I already own here and may sell
Common questions
How much does it cost to own a home in Bunkie?
A $84,000 home in Bunkie, Louisiana costs approximately $843 per month with 20% down at 7.24%. That is $458 principal and interest, $17 property tax, $76 homeowners insurance, $223 utilities and $70 set aside for maintenance.
What is the property tax rate in Bunkie?
Bunkie has an effective property tax rate of 0.236%, based on a median home value of $84,200 and median real estate taxes of $199. That is higher than the Avoyelles Parish average of 0.203%.
What is the average home price in Bunkie?
The median owner-occupied home value in Bunkie, Louisiana is $84,200, against $120,200 across Avoyelles Parish.
Is it cheaper to rent or buy in Bunkie?
Median gross rent in Bunkie is $819 a month, against $843 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 Bunkie?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bunkie, Louisiana at today's rate takes a household income of roughly $36,000 a year. That covers the full $843 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bunkie, 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.