Total monthly cost of ownership
Cost to Own a Home in Reserve, Louisiana
A $160,000 home here costs
$1,431per 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 $61,500 a year.
A standard mortgage calculator would have told you $872. The real number is $559 higher every month, 64% more than the payment most buyers budget for.
Compare St. John the Baptist 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.
Reserve against St. John the Baptist Parish and Louisiana
| Measure | Reserve | St. John the Baptist Parish |
|---|---|---|
| Median home value | $160,400 | $184,000 |
| Median property tax | $701 | $829 |
| Effective tax rate | 0.437% | 0.451% |
| Median gross rent | $1,201 | $1,118 |
| Population | 7,471 | 41,342 |
The weather behind that power bill
Reserve sits in St. John the Baptist Parish, which averages a high of 91.6°F in its hottest month and a low of 42.9°F in its coldest, with 67.21" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,870 cooling and 1,342 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for St. John the Baptist Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. John the Baptist Parish
Full St. John the Baptist Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Reserve 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 Reserve every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Reserve I already own here and may sell
Common questions
How much does it cost to own a home in Reserve?
A $160,000 home in Reserve, Louisiana costs approximately $1,431 per month with 20% down at 7.24%. That is $872 principal and interest, $58 property tax, $144 homeowners insurance, $223 utilities and $133 set aside for maintenance.
What is the property tax rate in Reserve?
Reserve has an effective property tax rate of 0.437%, based on a median home value of $160,400 and median real estate taxes of $701. That is lower than the St. John the Baptist Parish average of 0.451%.
What is the average home price in Reserve?
The median owner-occupied home value in Reserve, Louisiana is $160,400, against $184,000 across St. John the Baptist Parish.
Is it cheaper to rent or buy in Reserve?
Median gross rent in Reserve is $1,201 a month, against $1,431 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 Reserve?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Reserve, Louisiana at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,431 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Reserve, 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.