Total monthly cost of ownership
Cost to Own a Home in French Settlement, Louisiana
A $192,000 home here costs
$1,688per 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 $72,500 a year.
A standard mortgage calculator would have told you $1,047. The real number is $641 higher every month, 61% more than the payment most buyers budget for.
Compare Livingston Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for French Settlement from a five-year rolling sample, and with about 1,099 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 Livingston 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.
French Settlement against Livingston Parish and Louisiana
| Measure | French Settlement | Livingston Parish |
|---|---|---|
| Median home value | $192,100 | $218,900 |
| Median property tax | $1,025 | $1,079 |
| Effective tax rate | 0.534% | 0.493% |
| Median gross rent | $1,250 | $1,102 |
| Population | 1,099 | 145,583 |
The weather behind that power bill
French Settlement sits in Livingston Parish, which averages a high of 92.2°F in its hottest month and a low of 41.6°F in its coldest, with 61.94" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,818 cooling and 1,534 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Livingston Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Livingston Parish
Full Livingston Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are French Settlement 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 French Settlement every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in French Settlement I already own here and may sell
Common questions
How much does it cost to own a home in French Settlement?
A $192,000 home in French Settlement, Louisiana costs approximately $1,688 per month with 20% down at 7.24%. That is $1,047 principal and interest, $85 property tax, $173 homeowners insurance, $223 utilities and $160 set aside for maintenance.
What is the property tax rate in French Settlement?
French Settlement has an effective property tax rate of 0.534%, based on a median home value of $192,100 and median real estate taxes of $1,025. That is higher than the Livingston Parish average of 0.493%.
What is the average home price in French Settlement?
The median owner-occupied home value in French Settlement, Louisiana is $192,100, against $218,900 across Livingston Parish.
Is it cheaper to rent or buy in French Settlement?
Median gross rent in French Settlement is $1,250 a month, against $1,688 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 French Settlement?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in French Settlement, Louisiana at today's rate takes a household income of roughly $72,500 a year. That covers the full $1,688 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for French Settlement, 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.