Total monthly cost of ownership
Cost to Own a Home in Jennings, Louisiana
A $141,000 home here costs
$1,261per 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 $54,000 a year.
A standard mortgage calculator would have told you $769. The real number is $492 higher every month, 64% more than the payment most buyers budget for.
Compare Jefferson Davis 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.
Jennings against Jefferson Davis Parish and Louisiana
| Measure | Jennings | Jefferson Davis Parish |
|---|---|---|
| Median home value | $140,800 | $145,000 |
| Median property tax | $299 | $409 |
| Effective tax rate | 0.212% | 0.282% |
| Median gross rent | $861 | $847 |
| Population | 9,679 | 32,083 |
The weather behind that power bill
Jennings sits in Jefferson Davis Parish, which averages a high of 91.0°F in its hottest month and a low of 41.6°F in its coldest, with 63.51" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,667 cooling and 1,618 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Jefferson Davis Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson Davis Parish
Full Jefferson Davis Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Jennings 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 Jennings every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Jennings I already own here and may sell
Common questions
How much does it cost to own a home in Jennings?
A $141,000 home in Jennings, Louisiana costs approximately $1,261 per month with 20% down at 7.24%. That is $769 principal and interest, $25 property tax, $127 homeowners insurance, $223 utilities and $118 set aside for maintenance.
What is the property tax rate in Jennings?
Jennings has an effective property tax rate of 0.212%, based on a median home value of $140,800 and median real estate taxes of $299. That is lower than the Jefferson Davis Parish average of 0.282%.
What is the average home price in Jennings?
The median owner-occupied home value in Jennings, Louisiana is $140,800, against $145,000 across Jefferson Davis Parish.
Is it cheaper to rent or buy in Jennings?
Median gross rent in Jennings is $861 a month, against $1,261 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 Jennings?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Jennings, Louisiana at today's rate takes a household income of roughly $54,000 a year. That covers the full $1,261 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Jennings, 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.