Total monthly cost of ownership
Cost to Own a Home in Harvey, Louisiana
A $190,000 home here costs
$1,668per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $71,500 a year.
A standard mortgage calculator would have told you $1,052. The real number is $616 higher every month, 59% more than the payment most buyers budget for.
Compare Jefferson Parish with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Harvey against Jefferson Parish and Louisiana
| Measure | Harvey | Jefferson Parish |
|---|---|---|
| Median home value | $189,700 | $243,500 |
| Median property tax | $779 | $1,265 |
| Effective tax rate | 0.411% | 0.520% |
| Median gross rent | $1,196 | $1,162 |
| Population | 21,710 | 432,484 |
The weather behind that power bill
Harvey sits in Jefferson Parish, which averages a high of 89.9°F in its hottest month and a low of 43.0°F in its coldest, with 63.8" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,615 cooling and 1,426 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Jefferson Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson Parish
Full Jefferson Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Harvey 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 Harvey every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Harvey I already own here and may sell
Common questions
How much does it cost to own a home in Harvey?
A $190,000 home in Harvey, Louisiana costs approximately $1,668 per month with 20% down at 7.4%. That is $1,052 principal and interest, $65 property tax, $171 homeowners insurance, $221 utilities and $158 set aside for maintenance.
What is the property tax rate in Harvey?
Harvey has an effective property tax rate of 0.411%, based on a median home value of $189,700 and median real estate taxes of $779. That is lower than the Jefferson Parish average of 0.520%.
What is the average home price in Harvey?
The median owner-occupied home value in Harvey, Louisiana is $189,700, against $243,500 across Jefferson Parish.
Is it cheaper to rent or buy in Harvey?
Median gross rent in Harvey is $1,196 a month, against $1,668 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 Harvey?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Harvey, Louisiana at today's rate takes a household income of roughly $71,500 a year. That covers the full $1,668 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Harvey, 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.