Total monthly cost of ownership
Cost to Own a Home in Lake Arthur, Louisiana
A $78,000 home here costs
$750per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $349 higher every month — 87% 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.
Lake Arthur against Jefferson Davis Parish and Louisiana
| Measure | Lake Arthur | Jefferson Davis Parish |
|---|---|---|
| Median home value | $77,600 | $145,000 |
| Median property tax | $218 | $409 |
| Effective tax rate | 0.281% | 0.282% |
| Median gross rent | $653 | $847 |
| Population | 2,599 | 32,083 |
The weather behind that power bill
Lake Arthur 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 $127 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
Common questions
How much does it cost to own a home in Lake Arthur?
A $78,000 home in Lake Arthur, Louisiana costs approximately $750 per month with 20% down at 6.66%. That is $401 principal and interest, $18 property tax, $70 homeowners insurance, $195 utilities and $65 set aside for maintenance.
What is the property tax rate in Lake Arthur?
Lake Arthur has an effective property tax rate of 0.281%, based on a median home value of $77,600 and median real estate taxes of $218. That is in line with the Jefferson Davis Parish average of 0.282%.
What is the average home price in Lake Arthur?
The median owner-occupied home value in Lake Arthur, Louisiana is $77,600, against $145,000 across Jefferson Davis Parish.
Is it cheaper to rent or buy in Lake Arthur?
Median gross rent in Lake Arthur is $653 a month, against $750 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 Lake Arthur — 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.