Total monthly cost of ownership
Cost to Own a Home in Pierre Part, Louisiana
A $162,000 home here costs
$1,448per 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 $62,000 a year.
A standard mortgage calculator would have told you $883. The real number is $564 higher every month, 64% more than the payment most buyers budget for.
Compare Assumption Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pierre Part from a five-year rolling sample, and with about 2,333 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 Assumption 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.
Pierre Part against Assumption Parish and Louisiana
| Measure | Pierre Part | Assumption Parish |
|---|---|---|
| Median home value | $162,400 | $141,200 |
| Median property tax | $728 | $609 |
| Effective tax rate | 0.448% | 0.431% |
| Median gross rent | $283 | $801 |
| Population | 2,333 | 20,720 |
The weather behind that power bill
Pierre Part sits in Assumption Parish, which averages a high of 90.8°F in its hottest month and a low of 41.7°F in its coldest, with 63.4" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,705 cooling and 1,525 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Assumption Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Assumption Parish
Full Assumption Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Pierre Part 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 Pierre Part every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Pierre Part I already own here and may sell
Common questions
How much does it cost to own a home in Pierre Part?
A $162,000 home in Pierre Part, Louisiana costs approximately $1,448 per month with 20% down at 7.24%. That is $883 principal and interest, $60 property tax, $146 homeowners insurance, $223 utilities and $135 set aside for maintenance.
What is the property tax rate in Pierre Part?
Pierre Part has an effective property tax rate of 0.448%, based on a median home value of $162,400 and median real estate taxes of $728. That is higher than the Assumption Parish average of 0.431%.
What is the average home price in Pierre Part?
The median owner-occupied home value in Pierre Part, Louisiana is $162,400, against $141,200 across Assumption Parish.
Is it cheaper to rent or buy in Pierre Part?
Median gross rent in Pierre Part is $283 a month, against $1,448 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 Pierre Part?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pierre Part, Louisiana at today's rate takes a household income of roughly $62,000 a year. That covers the full $1,448 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pierre Part, 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.