Total monthly cost of ownership
Cost to Own a Home in Montegut, Louisiana
A $105,000 home here costs
$1,017per 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 $43,500 a year.
A standard mortgage calculator would have told you $572. The real number is $444 higher every month, 78% more than the payment most buyers budget for.
Compare Terrebonne Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Montegut from a five-year rolling sample, and with about 1,264 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 Terrebonne 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.
Montegut against Terrebonne Parish and Louisiana
| Measure | Montegut | Terrebonne Parish |
|---|---|---|
| Median home value | $105,000 | $189,100 |
| Median property tax | — | $852 |
| Effective tax rate | 0.451% | 0.451% |
| Median gross rent | $857 | $1,010 |
| Population | 1,264 | 107,362 |
The weather behind that power bill
Montegut sits in Terrebonne Parish, which averages a high of 91.4°F in its hottest month and a low of 43.5°F in its coldest, with 65.42" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,969 cooling and 1,250 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Terrebonne Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Terrebonne Parish
Full Terrebonne Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Montegut 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 Montegut every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Montegut I already own here and may sell
Common questions
How much does it cost to own a home in Montegut?
A $105,000 home in Montegut, Louisiana costs approximately $1,017 per month with 20% down at 7.24%. That is $572 principal and interest, $39 property tax, $95 homeowners insurance, $223 utilities and $88 set aside for maintenance.
What is the property tax rate in Montegut?
Place-level tax data is not published for Montegut, so the Terrebonne Parish rate of 0.451% applies here.
What is the average home price in Montegut?
The median owner-occupied home value in Montegut, Louisiana is $105,000, against $189,100 across Terrebonne Parish.
Is it cheaper to rent or buy in Montegut?
Median gross rent in Montegut is $857 a month, against $1,017 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 Montegut?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Montegut, Louisiana at today's rate takes a household income of roughly $43,500 a year. That covers the full $1,017 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Montegut, 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.