Total monthly cost of ownership
Cost to Own a Home in Carencro, Louisiana
A $211,000 home here costs
$1,822per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $78,000 a year.
A standard mortgage calculator would have told you $1,160. The real number is $663 higher every month, 57% more than the payment most buyers budget for.
Compare Lafayette 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.
Carencro against Lafayette Parish and Louisiana
| Measure | Carencro | Lafayette Parish |
|---|---|---|
| Median home value | $211,200 | $234,200 |
| Median property tax | $910 | $1,329 |
| Effective tax rate | 0.431% | 0.567% |
| Median gross rent | $924 | $1,022 |
| Population | 10,882 | 245,075 |
The weather behind that power bill
Carencro sits in Lafayette Parish, which averages a high of 91.6°F in its hottest month and a low of 41.2°F in its coldest, with 64.74" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,716 cooling and 1,575 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Lafayette Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lafayette Parish
Full Lafayette Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Carencro 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 Carencro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Carencro I already own here and may sell
Common questions
How much does it cost to own a home in Carencro?
A $211,000 home in Carencro, Louisiana costs approximately $1,822 per month with 20% down at 7.32%. That is $1,160 principal and interest, $76 property tax, $190 homeowners insurance, $221 utilities and $176 set aside for maintenance.
What is the property tax rate in Carencro?
Carencro has an effective property tax rate of 0.431%, based on a median home value of $211,200 and median real estate taxes of $910. That is lower than the Lafayette Parish average of 0.567%.
What is the average home price in Carencro?
The median owner-occupied home value in Carencro, Louisiana is $211,200, against $234,200 across Lafayette Parish.
Is it cheaper to rent or buy in Carencro?
Median gross rent in Carencro is $924 a month, against $1,822 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 Carencro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Carencro, Louisiana at today's rate takes a household income of roughly $78,000 a year. That covers the full $1,822 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Carencro, 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.