Total monthly cost of ownership
Cost to Own a Home in Lacombe, Louisiana
A $223,000 home here costs
$1,946per 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 $83,500 a year.
A standard mortgage calculator would have told you $1,216. The real number is $731 higher every month, 60% more than the payment most buyers budget for.
Compare St. Tammany 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.
Lacombe against St. Tammany Parish and Louisiana
| Measure | Lacombe | St. Tammany Parish |
|---|---|---|
| Median home value | $222,600 | $272,200 |
| Median property tax | $1,448 | $2,005 |
| Effective tax rate | 0.650% | 0.737% |
| Median gross rent | $945 | $1,305 |
| Population | 6,883 | 269,331 |
The weather behind that power bill
Lacombe sits in St. Tammany Parish, which averages a high of 91.2°F in its hottest month and a low of 40.7°F in its coldest, with 61.88" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,634 cooling and 1,612 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for St. Tammany Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Tammany Parish
Full St. Tammany Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Lacombe 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 Lacombe every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lacombe I already own here and may sell
Common questions
How much does it cost to own a home in Lacombe?
A $223,000 home in Lacombe, Louisiana costs approximately $1,946 per month with 20% down at 7.24%. That is $1,216 principal and interest, $121 property tax, $201 homeowners insurance, $223 utilities and $186 set aside for maintenance.
What is the property tax rate in Lacombe?
Lacombe has an effective property tax rate of 0.650%, based on a median home value of $222,600 and median real estate taxes of $1,448. That is lower than the St. Tammany Parish average of 0.737%.
What is the average home price in Lacombe?
The median owner-occupied home value in Lacombe, Louisiana is $222,600, against $272,200 across St. Tammany Parish.
Is it cheaper to rent or buy in Lacombe?
Median gross rent in Lacombe is $945 a month, against $1,946 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 Lacombe?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lacombe, Louisiana at today's rate takes a household income of roughly $83,500 a year. That covers the full $1,946 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lacombe, 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.