Total monthly cost of ownership
Cost to Own a Home in Farmerville, Louisiana
A $111,000 home here costs
$996per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $426 higher every month — 75% 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.
Farmerville against Union Parish and Louisiana
| Measure | Farmerville | Union Parish |
|---|---|---|
| Median home value | $111,100 | $115,400 |
| Median property tax | — | $470 |
| Effective tax rate | 0.407% | 0.407% |
| Median gross rent | $745 | $758 |
| Population | 3,331 | 20,914 |
The weather behind that power bill
Farmerville sits in Union Parish, which averages a high of 92.6°F in its hottest month and a low of 35.7°F in its coldest, with 58.19" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,380 cooling and 2,368 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Union Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Union Parish
Full Union Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Farmerville?
A $111,000 home in Farmerville, Louisiana costs approximately $996 per month with 20% down at 6.66%. That is $571 principal and interest, $38 property tax, $100 homeowners insurance, $195 utilities and $93 set aside for maintenance.
What is the property tax rate in Farmerville?
Place-level tax data is not published for Farmerville, so the Union Parish rate of 0.407% applies here.
What is the average home price in Farmerville?
The median owner-occupied home value in Farmerville, Louisiana is $111,100, against $115,400 across Union Parish.
Is it cheaper to rent or buy in Farmerville?
Median gross rent in Farmerville is $745 a month, against $996 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 Farmerville — 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.