Total monthly cost of ownership
Cost to Own a Home in Springhill, Louisiana
A $102,000 home here costs
$913per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $524. The real number is $389 higher every month — 74% 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.
Springhill against Webster Parish and Louisiana
| Measure | Springhill | Webster Parish |
|---|---|---|
| Median home value | $102,200 | $105,600 |
| Median property tax | $199 | $402 |
| Effective tax rate | 0.195% | 0.381% |
| Median gross rent | $780 | $777 |
| Population | 4,659 | 36,189 |
The weather behind that power bill
Springhill sits in Webster Parish, which averages a high of 94.7°F in its hottest month and a low of 34.2°F in its coldest, with 57.59" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,521 cooling and 2,363 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Webster Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Webster Parish
Full Webster Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Springhill?
A $102,000 home in Springhill, Louisiana costs approximately $913 per month with 20% down at 6.66%. That is $524 principal and interest, $17 property tax, $92 homeowners insurance, $195 utilities and $85 set aside for maintenance.
What is the property tax rate in Springhill?
Springhill has an effective property tax rate of 0.195%, based on a median home value of $102,200 and median real estate taxes of $199. That is lower than the Webster Parish average of 0.381%.
What is the average home price in Springhill?
The median owner-occupied home value in Springhill, Louisiana is $102,200, against $105,600 across Webster Parish.
Is it cheaper to rent or buy in Springhill?
Median gross rent in Springhill is $780 a month, against $913 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 Springhill — 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.