Total monthly cost of ownership
Cost to Own a Home in New Roads, Louisiana
A $155,000 home here costs
$1,292per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $797. The real number is $495 higher every month — 62% 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.
New Roads against Pointe Coupee Parish and Louisiana
| Measure | New Roads | Pointe Coupee Parish |
|---|---|---|
| Median home value | $155,400 | $174,500 |
| Median property tax | $375 | $491 |
| Effective tax rate | 0.241% | 0.281% |
| Median gross rent | $451 | $794 |
| Population | 4,457 | 20,438 |
The weather behind that power bill
New Roads sits in Pointe Coupee Parish, which averages a high of 92.4°F in its hottest month and a low of 41.9°F in its coldest, with 58.54" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,940 cooling and 1,522 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Pointe Coupee Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pointe Coupee Parish
Full Pointe Coupee Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in New Roads?
A $155,000 home in New Roads, Louisiana costs approximately $1,292 per month with 20% down at 6.66%. That is $797 principal and interest, $31 property tax, $140 homeowners insurance, $195 utilities and $129 set aside for maintenance.
What is the property tax rate in New Roads?
New Roads has an effective property tax rate of 0.241%, based on a median home value of $155,400 and median real estate taxes of $375. That is lower than the Pointe Coupee Parish average of 0.281%.
What is the average home price in New Roads?
The median owner-occupied home value in New Roads, Louisiana is $155,400, against $174,500 across Pointe Coupee Parish.
Is it cheaper to rent or buy in New Roads?
Median gross rent in New Roads is $451 a month, against $1,292 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 New Roads — 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.