Total monthly cost of ownership
Cost to Own a Home in Marksville, Louisiana
A $160,000 home here costs
$1,312per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $490 higher every month — 60% 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.
Marksville against Avoyelles Parish and Louisiana
| Measure | Marksville | Avoyelles Parish |
|---|---|---|
| Median home value | $159,500 | $120,200 |
| Median property tax | $199 | $244 |
| Effective tax rate | 0.125% | 0.203% |
| Median gross rent | $725 | $739 |
| Population | 4,964 | 39,176 |
The weather behind that power bill
Marksville sits in Avoyelles Parish, which averages a high of 93.6°F in its hottest month and a low of 36.8°F in its coldest, with 57.13" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,428 cooling and 2,052 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Avoyelles Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Avoyelles Parish
Full Avoyelles Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Marksville?
A $160,000 home in Marksville, Louisiana costs approximately $1,312 per month with 20% down at 6.66%. That is $823 principal and interest, $17 property tax, $144 homeowners insurance, $195 utilities and $133 set aside for maintenance.
What is the property tax rate in Marksville?
Marksville has an effective property tax rate of 0.125%, based on a median home value of $159,500 and median real estate taxes of $199. That is lower than the Avoyelles Parish average of 0.203%.
What is the average home price in Marksville?
The median owner-occupied home value in Marksville, Louisiana is $159,500, against $120,200 across Avoyelles Parish.
Is it cheaper to rent or buy in Marksville?
Median gross rent in Marksville is $725 a month, against $1,312 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 Marksville — 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.