Total monthly cost of ownership
Cost to Own a Home in Ferriday, Louisiana
A $87,000 home here costs
$810per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $447. The real number is $363 higher every month — 81% 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.
Ferriday against Concordia Parish and Louisiana
| Measure | Ferriday | Concordia Parish |
|---|---|---|
| Median home value | $86,600 | $102,400 |
| Median property tax | $199 | $393 |
| Effective tax rate | 0.230% | 0.384% |
| Median gross rent | $786 | $774 |
| Population | 3,126 | 18,325 |
The weather behind that power bill
Ferriday sits in Concordia Parish, which averages a high of 90.7°F in its hottest month and a low of 37.3°F in its coldest, with 59.55" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,289 cooling and 2,185 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Concordia Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Concordia Parish
Full Concordia Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Ferriday?
A $87,000 home in Ferriday, Louisiana costs approximately $810 per month with 20% down at 6.66%. That is $447 principal and interest, $17 property tax, $79 homeowners insurance, $195 utilities and $73 set aside for maintenance.
What is the property tax rate in Ferriday?
Ferriday has an effective property tax rate of 0.230%, based on a median home value of $86,600 and median real estate taxes of $199. That is lower than the Concordia Parish average of 0.384%.
What is the average home price in Ferriday?
The median owner-occupied home value in Ferriday, Louisiana is $86,600, against $102,400 across Concordia Parish.
Is it cheaper to rent or buy in Ferriday?
Median gross rent in Ferriday is $786 a month, against $810 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 Ferriday — 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.