Total monthly cost of ownership
Cost to Own a Home in Louisiana, Missouri
A $81,000 home here costs
$834per 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 $35,500 a year.
A standard mortgage calculator would have told you $442. The real number is $392 higher every month, 89% more than the payment most buyers budget for.
Compare Pike County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Louisiana from a five-year rolling sample, and with about 3,231 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Pike County figures are drawn from a far larger sample if you want a steadier number.
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 $160 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
Talk to someone who works this market
These are Louisiana 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 Louisiana every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Louisiana I already own here and may sell
Common questions
How much does it cost to own a home in Louisiana?
A $81,000 home in Louisiana, Missouri costs approximately $834 per month with 20% down at 7.24%. That is $442 principal and interest, $54 property tax, $42 homeowners insurance, $228 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 $834 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 Louisiana?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Louisiana, Missouri at today's rate takes a household income of roughly $35,500 a year. That covers the full $834 monthly cost, not just the mortgage payment.
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.