Total monthly cost of ownership
Cost to Own a Home in Eastwood, Louisiana
A $253,000 home here costs
$2,199per 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 $94,000 a year.
A standard mortgage calculator would have told you $1,379. The real number is $820 higher every month, 59% more than the payment most buyers budget for.
Compare Bossier Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eastwood from a five-year rolling sample, and with about 4,057 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 Bossier 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.
Eastwood against Bossier Parish and Louisiana
| Measure | Eastwood | Bossier Parish |
|---|---|---|
| Median home value | $252,700 | $215,100 |
| Median property tax | $1,889 | $1,380 |
| Effective tax rate | 0.748% | 0.642% |
| Median gross rent | — | $1,168 |
| Population | 4,057 | 129,134 |
The weather behind that power bill
Eastwood sits in Bossier Parish, which averages a high of 93.0°F in its hottest month and a low of 34.2°F in its coldest, with 54.01" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,322 cooling and 2,517 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Bossier Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bossier Parish
Full Bossier Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Eastwood 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 Eastwood every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Eastwood I already own here and may sell
Common questions
How much does it cost to own a home in Eastwood?
A $253,000 home in Eastwood, Louisiana costs approximately $2,199 per month with 20% down at 7.24%. That is $1,379 principal and interest, $158 property tax, $228 homeowners insurance, $223 utilities and $211 set aside for maintenance.
What is the property tax rate in Eastwood?
Eastwood has an effective property tax rate of 0.748%, based on a median home value of $252,700 and median real estate taxes of $1,889. That is higher than the Bossier Parish average of 0.642%.
What is the average home price in Eastwood?
The median owner-occupied home value in Eastwood, Louisiana is $252,700, against $215,100 across Bossier Parish.
Is it cheaper to rent or buy in Eastwood?
Rent data is not published for Eastwood at this level of detail.
What salary do you need to buy a home in Eastwood?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eastwood, Louisiana at today's rate takes a household income of roughly $94,000 a year. That covers the full $2,199 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eastwood, 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.