Total monthly cost of ownership
Cost to Own a Home in Red Chute, Louisiana
A $216,000 home here costs
$1,773per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,110. The real number is $662 higher every month — 60% 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.
Red Chute against Bossier Parish and Louisiana
| Measure | Red Chute | Bossier Parish |
|---|---|---|
| Median home value | $215,600 | $215,100 |
| Median property tax | $1,105 | $1,380 |
| Effective tax rate | 0.513% | 0.642% |
| Median gross rent | $1,821 | $1,168 |
| Population | 7,418 | 129,134 |
The weather behind that power bill
Red Chute sits in Bossier Parish, which averages a high of 93.0°F in its hottest month and a low of 34.2°F in its coldest, with 54.01" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,322 cooling and 2,517 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Bossier Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bossier Parish
Full Bossier Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Red Chute?
A $216,000 home in Red Chute, Louisiana costs approximately $1,773 per month with 20% down at 6.66%. That is $1,110 principal and interest, $92 property tax, $195 homeowners insurance, $195 utilities and $180 set aside for maintenance.
What is the property tax rate in Red Chute?
Red Chute has an effective property tax rate of 0.513%, based on a median home value of $215,600 and median real estate taxes of $1,105. That is lower than the Bossier Parish average of 0.642%.
What is the average home price in Red Chute?
The median owner-occupied home value in Red Chute, Louisiana is $215,600, against $215,100 across Bossier Parish.
Is it cheaper to rent or buy in Red Chute?
Median gross rent in Red Chute is $1,821 a month, against $1,773 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Red Chute — 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.