Total monthly cost of ownership
Cost to Own a Home in Claiborne, Louisiana
A $214,000 home here costs
$1,853per 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 $79,500 a year.
A standard mortgage calculator would have told you $1,167. The real number is $686 higher every month, 59% more than the payment most buyers budget for.
Compare Ouachita 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.
Claiborne against Ouachita Parish and Louisiana
| Measure | Claiborne | Ouachita Parish |
|---|---|---|
| Median home value | $214,100 | $183,000 |
| Median property tax | $1,107 | $1,016 |
| Effective tax rate | 0.517% | 0.555% |
| Median gross rent | $1,181 | $923 |
| Population | 12,647 | 158,916 |
The weather behind that power bill
Claiborne sits in Ouachita Parish, which averages a high of 93.6°F in its hottest month and a low of 36.7°F in its coldest, with 55.1" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,495 cooling and 2,213 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Ouachita Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ouachita Parish
Full Ouachita Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Claiborne 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 Claiborne every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Claiborne I already own here and may sell
Common questions
How much does it cost to own a home in Claiborne?
A $214,000 home in Claiborne, Louisiana costs approximately $1,853 per month with 20% down at 7.24%. That is $1,167 principal and interest, $92 property tax, $193 homeowners insurance, $223 utilities and $178 set aside for maintenance.
What is the property tax rate in Claiborne?
Claiborne has an effective property tax rate of 0.517%, based on a median home value of $214,100 and median real estate taxes of $1,107. That is lower than the Ouachita Parish average of 0.555%.
What is the average home price in Claiborne?
The median owner-occupied home value in Claiborne, Louisiana is $214,100, against $183,000 across Ouachita Parish.
Is it cheaper to rent or buy in Claiborne?
Median gross rent in Claiborne is $1,181 a month, against $1,853 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 Claiborne?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Claiborne, Louisiana at today's rate takes a household income of roughly $79,500 a year. That covers the full $1,853 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Claiborne, 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.