Total monthly cost of ownership
Cost to Own a Home in Tallulah, Louisiana
A $84,000 home here costs
$789per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $432. The real number is $358 higher every month — 83% 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.
Tallulah against Madison Parish and Louisiana
| Measure | Tallulah | Madison Parish |
|---|---|---|
| Median home value | $83,900 | $90,600 |
| Median property tax | $199 | $208 |
| Effective tax rate | 0.237% | 0.230% |
| Median gross rent | $602 | $625 |
| Population | 6,124 | 9,757 |
The weather behind that power bill
Tallulah sits in Madison Parish, which averages a high of 94.8°F in its hottest month and a low of 38.4°F in its coldest, with 57.87" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,856 cooling and 1,893 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Madison Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison Parish
No other places of this size are published in Madison Parish.
Full Madison Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Tallulah?
A $84,000 home in Tallulah, Louisiana costs approximately $789 per month with 20% down at 6.66%. That is $432 principal and interest, $17 property tax, $76 homeowners insurance, $195 utilities and $70 set aside for maintenance.
What is the property tax rate in Tallulah?
Tallulah has an effective property tax rate of 0.237%, based on a median home value of $83,900 and median real estate taxes of $199. That is in line with the Madison Parish average of 0.230%.
What is the average home price in Tallulah?
The median owner-occupied home value in Tallulah, Louisiana is $83,900, against $90,600 across Madison Parish.
Is it cheaper to rent or buy in Tallulah?
Median gross rent in Tallulah is $602 a month, against $789 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 Tallulah — 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.