Total monthly cost of ownership
Cost to Own a Home in Houma, Louisiana
A $208,000 home here costs
$1,693per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,069. The real number is $624 higher every month — 58% 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.
Houma against Terrebonne Parish and Louisiana
| Measure | Houma | Terrebonne Parish |
|---|---|---|
| Median home value | $207,900 | $189,100 |
| Median property tax | $813 | $852 |
| Effective tax rate | 0.391% | 0.451% |
| Median gross rent | $1,011 | $1,010 |
| Population | 32,760 | 107,362 |
The weather behind that power bill
Houma sits in Terrebonne Parish, which averages a high of 91.4°F in its hottest month and a low of 43.5°F in its coldest, with 65.42" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,969 cooling and 1,250 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Terrebonne Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Terrebonne Parish
Full Terrebonne Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Houma?
A $208,000 home in Houma, Louisiana costs approximately $1,693 per month with 20% down at 6.66%. That is $1,069 principal and interest, $68 property tax, $188 homeowners insurance, $195 utilities and $173 set aside for maintenance.
What is the property tax rate in Houma?
Houma has an effective property tax rate of 0.391%, based on a median home value of $207,900 and median real estate taxes of $813. That is lower than the Terrebonne Parish average of 0.451%.
What is the average home price in Houma?
The median owner-occupied home value in Houma, Louisiana is $207,900, against $189,100 across Terrebonne Parish.
Is it cheaper to rent or buy in Houma?
Median gross rent in Houma is $1,011 a month, against $1,693 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 Houma — 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.