Total monthly cost of ownership
Cost to Own a Home in Minden, Louisiana
A $117,000 home here costs
$1,109per 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 $47,500 a year.
A standard mortgage calculator would have told you $638. The real number is $471 higher every month, 74% more than the payment most buyers budget for.
Compare Webster Parish with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Minden against Webster Parish and Louisiana
| Measure | Minden | Webster Parish |
|---|---|---|
| Median home value | $116,700 | $105,600 |
| Median property tax | $543 | $402 |
| Effective tax rate | 0.465% | 0.381% |
| Median gross rent | $803 | $777 |
| Population | 11,604 | 36,189 |
The weather behind that power bill
Minden sits in Webster Parish, which averages a high of 94.7°F in its hottest month and a low of 34.2°F in its coldest, with 57.59" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,521 cooling and 2,363 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Webster Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Webster Parish
Full Webster Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Minden 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 Minden every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Minden I already own here and may sell
Common questions
How much does it cost to own a home in Minden?
A $117,000 home in Minden, Louisiana costs approximately $1,109 per month with 20% down at 7.24%. That is $638 principal and interest, $45 property tax, $106 homeowners insurance, $223 utilities and $98 set aside for maintenance.
What is the property tax rate in Minden?
Minden has an effective property tax rate of 0.465%, based on a median home value of $116,700 and median real estate taxes of $543. That is higher than the Webster Parish average of 0.381%.
What is the average home price in Minden?
The median owner-occupied home value in Minden, Louisiana is $116,700, against $105,600 across Webster Parish.
Is it cheaper to rent or buy in Minden?
Median gross rent in Minden is $803 a month, against $1,109 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 Minden?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Minden, Louisiana at today's rate takes a household income of roughly $47,500 a year. That covers the full $1,109 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Minden, 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.