Total monthly cost of ownership
Cost to Own a Home in Olla, Louisiana
A $118,000 home here costs
$1,112per 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 $643. The real number is $469 higher every month, 73% more than the payment most buyers budget for.
Compare LaSalle Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Olla from a five-year rolling sample, and with about 1,315 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 LaSalle 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.
Olla against LaSalle Parish and Louisiana
| Measure | Olla | LaSalle Parish |
|---|---|---|
| Median home value | $117,800 | $137,200 |
| Median property tax | — | $578 |
| Effective tax rate | 0.421% | 0.421% |
| Median gross rent | $443 | $576 |
| Population | 1,315 | 14,804 |
The weather behind that power bill
Olla sits in LaSalle Parish, which averages a high of 91.7°F in its hottest month and a low of 36.2°F in its coldest, with 59.51" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,297 cooling and 2,275 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for LaSalle Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in LaSalle Parish
Full LaSalle Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Olla 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 Olla 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 Olla?
A $118,000 home in Olla, Louisiana costs approximately $1,112 per month with 20% down at 7.24%. That is $643 principal and interest, $41 property tax, $106 homeowners insurance, $223 utilities and $98 set aside for maintenance.
What is the property tax rate in Olla?
Place-level tax data is not published for Olla, so the LaSalle Parish rate of 0.421% applies here.
What is the average home price in Olla?
The median owner-occupied home value in Olla, Louisiana is $117,800, against $137,200 across LaSalle Parish.
Is it cheaper to rent or buy in Olla?
Median gross rent in Olla is $443 a month, against $1,112 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 Olla?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Olla, Louisiana at today's rate takes a household income of roughly $47,500 a year. That covers the full $1,112 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Olla, 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.