Total monthly cost of ownership
Cost to Own a Home in Erath, Louisiana
A $134,000 home here costs
$1,133per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $444 higher every month — 65% more than the payment most buyers budget for.
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 $127 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
Common questions
How much does it cost to own a home in Erath?
A $134,000 home in Erath, Louisiana costs approximately $1,133 per month with 20% down at 6.66%. That is $689 principal and interest, $17 property tax, $121 homeowners insurance, $195 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 $1,133 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.