Total monthly cost of ownership
Cost to Own a Home in Louisiana, Missouri
A $81,000 home here costs
$771per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $416. The real number is $355 higher every month — 85% 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.
Louisiana against Pike County and Missouri
| Measure | Louisiana | Pike County |
|---|---|---|
| Median home value | $81,100 | $129,400 |
| Median property tax | $649 | $994 |
| Effective tax rate | 0.800% | 0.768% |
| Median gross rent | $628 | $742 |
| Population | 3,231 | 17,623 |
The weather behind that power bill
Louisiana sits in Pike County, which averages a high of 85.9°F in its hottest month and a low of 18.5°F in its coldest, with 40.61" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,144 cooling and 5,387 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Pike County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pike County
Common questions
How much does it cost to own a home in Louisiana?
A $81,000 home in Louisiana, Missouri costs approximately $771 per month with 20% down at 6.66%. That is $416 principal and interest, $54 property tax, $42 homeowners insurance, $191 utilities and $68 set aside for maintenance.
What is the property tax rate in Louisiana?
Louisiana has an effective property tax rate of 0.800%, based on a median home value of $81,100 and median real estate taxes of $649. That is higher than the Pike County average of 0.768%.
What is the average home price in Louisiana?
The median owner-occupied home value in Louisiana, Missouri is $81,100, against $129,400 across Pike County.
Is it cheaper to rent or buy in Louisiana?
Median gross rent in Louisiana is $628 a month, against $771 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 Louisiana — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Missouri.
- 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.