Total monthly cost of ownership
Cost to Own a Home in Erath, Louisiana
A $134,000 home here costs
$1,203per 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 $51,500 a year.
A standard mortgage calculator would have told you $731. The real number is $472 higher every month, 65% more than the payment most buyers budget for.
Compare Vermilion Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Erath from a five-year rolling sample, and with about 1,865 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 Vermilion 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.
Erath against Vermilion Parish and Louisiana
| Measure | Erath | Vermilion Parish |
|---|---|---|
| Median home value | $133,700 | $159,700 |
| Median property tax | $199 | $538 |
| Effective tax rate | 0.149% | 0.337% |
| Median gross rent | $835 | $802 |
| Population | 1,865 | 57,031 |
The weather behind that power bill
Erath sits in Vermilion Parish, which averages a high of 90.2°F in its hottest month and a low of 40.8°F in its coldest, with 64.09" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,491 cooling and 1,668 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Vermilion Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Vermilion Parish
Full Vermilion Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Erath 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 Erath every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Erath?
A $134,000 home in Erath, Louisiana costs approximately $1,203 per month with 20% down at 7.24%. That is $731 principal and interest, $17 property tax, $121 homeowners insurance, $223 utilities and $112 set aside for maintenance.
What is the property tax rate in Erath?
Erath has an effective property tax rate of 0.149%, based on a median home value of $133,700 and median real estate taxes of $199. That is lower than the Vermilion Parish average of 0.337%.
What is the average home price in Erath?
The median owner-occupied home value in Erath, Louisiana is $133,700, against $159,700 across Vermilion Parish.
Is it cheaper to rent or buy in Erath?
Median gross rent in Erath is $835 a month, against $1,203 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 Erath?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Erath, Louisiana at today's rate takes a household income of roughly $51,500 a year. That covers the full $1,203 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Erath, 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.