Cost to Own
United StatesLouisianaSt. Martin ParishHenderson Population 1,640 Data vintage ACS 2023 5-Year Rates updated 2026-07-30

Total monthly cost of ownership

Cost to Own a Home in Henderson, Louisiana

A $82,000 home here costs

$776

per month, all in — with 20% down at today's 6.66% 30-year fixed rate.

A standard mortgage calculator would have told you $422. The real number is $354 higher every month — 84% more than the payment most buyers budget for.

Henderson median: $82,100
Under 20% adds PMI
Freddie Mac PMMS
US average household

Where every dollar goes

Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.

Principal & interest30-year fixed, $65,600 borrowed $422
Property tax0.242% effective rate for Henderson itself $17
Homeowners insuranceLouisiana averages $2,259/yr (NAIC), or 1.083% of home value $74
Electricity14.15¢/kWh — Louisiana residential average, EIA $127
Water, sewer & trashUS household average $68
Maintenance reserve1% of home value per year $68
Total monthly $776

Henderson against St. Martin Parish and Louisiana

MeasureHendersonSt. Martin Parish
Median home value$82,100$151,000
Median property tax$199$610
Effective tax rate0.242%0.404%
Median gross rent$720$865
Population1,64051,559

The weather behind that power bill

Henderson sits in St. Martin Parish, which averages a high of 90.1°F in its hottest month and a low of 42.5°F in its coldest, with 66.79" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,558 cooling and 1,509 heating degree days, which is what sets the $127 electricity line above.

See the full climate breakdown for St. Martin Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.

Other cities in St. Martin Parish

Full St. Martin Parish cost breakdown · Every county in Louisiana

Common questions

How much does it cost to own a home in Henderson?

A $82,000 home in Henderson, Louisiana costs approximately $776 per month with 20% down at 6.66%. That is $422 principal and interest, $17 property tax, $74 homeowners insurance, $195 utilities and $68 set aside for maintenance.

What is the property tax rate in Henderson?

Henderson has an effective property tax rate of 0.242%, based on a median home value of $82,100 and median real estate taxes of $199. That is lower than the St. Martin Parish average of 0.404%.

What is the average home price in Henderson?

The median owner-occupied home value in Henderson, Louisiana is $82,100, against $151,000 across St. Martin Parish.

Is it cheaper to rent or buy in Henderson?

Median gross rent in Henderson is $720 a month, against $776 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 Henderson — 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.

Full methodology