Total monthly cost of ownership
Cost to Own a Home in Jonesboro, Louisiana
A $84,000 home here costs
$789per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $432. The real number is $358 higher every month — 83% 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.
Jonesboro against Jackson Parish and Louisiana
| Measure | Jonesboro | Jackson Parish |
|---|---|---|
| Median home value | $84,000 | $107,400 |
| Median property tax | $199 | $354 |
| Effective tax rate | 0.237% | 0.330% |
| Median gross rent | $709 | $719 |
| Population | 4,092 | 14,939 |
The weather behind that power bill
Jonesboro sits in Jackson 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 Jackson Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson Parish
No other places of this size are published in Jackson Parish.
Full Jackson Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Jonesboro?
A $84,000 home in Jonesboro, Louisiana costs approximately $789 per month with 20% down at 6.66%. That is $432 principal and interest, $17 property tax, $76 homeowners insurance, $195 utilities and $70 set aside for maintenance.
What is the property tax rate in Jonesboro?
Jonesboro has an effective property tax rate of 0.237%, based on a median home value of $84,000 and median real estate taxes of $199. That is lower than the Jackson Parish average of 0.330%.
What is the average home price in Jonesboro?
The median owner-occupied home value in Jonesboro, Louisiana is $84,000, against $107,400 across Jackson Parish.
Is it cheaper to rent or buy in Jonesboro?
Median gross rent in Jonesboro is $709 a month, against $789 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 Jonesboro — 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.