Total monthly cost of ownership
Cost to Own a Home in Grambling, Louisiana
A $176,000 home here costs
$1,438per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $905. The real number is $533 higher every month — 59% 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.
Grambling against Lincoln Parish and Louisiana
| Measure | Grambling | Lincoln Parish |
|---|---|---|
| Median home value | $176,000 | $195,500 |
| Median property tax | $389 | $975 |
| Effective tax rate | 0.221% | 0.499% |
| Median gross rent | $518 | $821 |
| Population | 5,302 | 48,160 |
The weather behind that power bill
Grambling sits in Lincoln Parish, which averages a high of 92.6°F in its hottest month and a low of 35.0°F in its coldest, with 55.61" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,300 cooling and 2,337 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Lincoln Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln Parish
Full Lincoln Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Grambling?
A $176,000 home in Grambling, Louisiana costs approximately $1,438 per month with 20% down at 6.66%. That is $905 principal and interest, $32 property tax, $159 homeowners insurance, $195 utilities and $147 set aside for maintenance.
What is the property tax rate in Grambling?
Grambling has an effective property tax rate of 0.221%, based on a median home value of $176,000 and median real estate taxes of $389. That is lower than the Lincoln Parish average of 0.499%.
What is the average home price in Grambling?
The median owner-occupied home value in Grambling, Louisiana is $176,000, against $195,500 across Lincoln Parish.
Is it cheaper to rent or buy in Grambling?
Median gross rent in Grambling is $518 a month, against $1,438 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 Grambling — 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.