Total monthly cost of ownership
Cost to Own a Home in Kaplan, Louisiana
A $154,000 home here costs
$1,271per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $792. The real number is $479 higher every month — 61% 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.
Kaplan against Vermilion Parish and Louisiana
| Measure | Kaplan | Vermilion Parish |
|---|---|---|
| Median home value | $153,800 | $159,700 |
| Median property tax | $199 | $538 |
| Effective tax rate | 0.129% | 0.337% |
| Median gross rent | $782 | $802 |
| Population | 4,271 | 57,031 |
The weather behind that power bill
Kaplan sits in Vermilion Parish, which averages a high of 90.2°F in its hottest month and a low of 40.8°F in its coldest, with 64.09" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,491 cooling and 1,668 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Vermilion Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Vermilion Parish
Full Vermilion Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Kaplan?
A $154,000 home in Kaplan, Louisiana costs approximately $1,271 per month with 20% down at 6.66%. That is $792 principal and interest, $17 property tax, $139 homeowners insurance, $195 utilities and $128 set aside for maintenance.
What is the property tax rate in Kaplan?
Kaplan has an effective property tax rate of 0.129%, based on a median home value of $153,800 and median real estate taxes of $199. That is lower than the Vermilion Parish average of 0.337%.
What is the average home price in Kaplan?
The median owner-occupied home value in Kaplan, Louisiana is $153,800, against $159,700 across Vermilion Parish.
Is it cheaper to rent or buy in Kaplan?
Median gross rent in Kaplan is $782 a month, against $1,271 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 Kaplan — 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.