Total monthly cost of ownership
Cost to Own a Home in Rayne, Louisiana
A $152,000 home here costs
$1,360per 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 $58,500 a year.
A standard mortgage calculator would have told you $829. The real number is $531 higher every month, 64% more than the payment most buyers budget for.
Compare Acadia 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.
Rayne against Acadia Parish and Louisiana
| Measure | Rayne | Acadia Parish |
|---|---|---|
| Median home value | $151,900 | $146,900 |
| Median property tax | $532 | $446 |
| Effective tax rate | 0.350% | 0.304% |
| Median gross rent | $850 | $725 |
| Population | 7,147 | 57,218 |
The weather behind that power bill
Rayne sits in Acadia Parish, which averages a high of 91.5°F in its hottest month and a low of 41.6°F in its coldest, with 63.53" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,781 cooling and 1,577 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Acadia Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Acadia Parish
Full Acadia Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Rayne 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 Rayne 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 Rayne?
A $152,000 home in Rayne, Louisiana costs approximately $1,360 per month with 20% down at 7.24%. That is $829 principal and interest, $44 property tax, $137 homeowners insurance, $223 utilities and $127 set aside for maintenance.
What is the property tax rate in Rayne?
Rayne has an effective property tax rate of 0.350%, based on a median home value of $151,900 and median real estate taxes of $532. That is higher than the Acadia Parish average of 0.304%.
What is the average home price in Rayne?
The median owner-occupied home value in Rayne, Louisiana is $151,900, against $146,900 across Acadia Parish.
Is it cheaper to rent or buy in Rayne?
Median gross rent in Rayne is $850 a month, against $1,360 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 Rayne?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Rayne, Louisiana at today's rate takes a household income of roughly $58,500 a year. That covers the full $1,360 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Rayne, 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.