Total monthly cost of ownership
Cost to Own a Home in Lydia, Louisiana
A $136,000 home here costs
$1,240per 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 $53,000 a year.
A standard mortgage calculator would have told you $741. The real number is $499 higher every month, 67% more than the payment most buyers budget for.
Compare Iberia Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lydia from a five-year rolling sample, and with about 1,119 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 Iberia Parish 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.
Lydia against Iberia Parish and Louisiana
| Measure | Lydia | Iberia Parish |
|---|---|---|
| Median home value | $136,200 | $156,000 |
| Median property tax | — | $547 |
| Effective tax rate | 0.351% | 0.351% |
| Median gross rent | $1,046 | $891 |
| Population | 1,119 | 69,194 |
The weather behind that power bill
Lydia sits in Iberia Parish, which averages a high of 90.1°F in its hottest month and a low of 42.5°F in its coldest, with 66.79" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,558 cooling and 1,509 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Iberia Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Iberia Parish
Full Iberia Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Lydia 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 Lydia every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Lydia?
A $136,000 home in Lydia, Louisiana costs approximately $1,240 per month with 20% down at 7.24%. That is $741 principal and interest, $40 property tax, $123 homeowners insurance, $223 utilities and $113 set aside for maintenance.
What is the property tax rate in Lydia?
Place-level tax data is not published for Lydia, so the Iberia Parish rate of 0.351% applies here.
What is the average home price in Lydia?
The median owner-occupied home value in Lydia, Louisiana is $136,200, against $156,000 across Iberia Parish.
Is it cheaper to rent or buy in Lydia?
Median gross rent in Lydia is $1,046 a month, against $1,240 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 Lydia?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lydia, Louisiana at today's rate takes a household income of roughly $53,000 a year. That covers the full $1,240 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lydia, 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.