Total monthly cost of ownership
Cost to Own a Home in Reserve, Louisiana
A $160,000 home here costs
$1,354per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $531 higher every month — 65% 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.
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 $127 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
Common questions
How much does it cost to own a home in Reserve?
A $160,000 home in Reserve, Louisiana costs approximately $1,354 per month with 20% down at 6.66%. That is $823 principal and interest, $58 property tax, $144 homeowners insurance, $195 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 $1,354 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.