Total monthly cost of ownership
Cost to Own a Home in Ville Platte, Louisiana
A $88,000 home here costs
$872per 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 $37,500 a year.
A standard mortgage calculator would have told you $480. The real number is $392 higher every month, 82% more than the payment most buyers budget for.
Compare Evangeline 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.
Ville Platte against Evangeline Parish and Louisiana
| Measure | Ville Platte | Evangeline Parish |
|---|---|---|
| Median home value | $88,100 | $118,500 |
| Median property tax | $199 | $323 |
| Effective tax rate | 0.226% | 0.273% |
| Median gross rent | $678 | $663 |
| Population | 6,299 | 32,162 |
The weather behind that power bill
Ville Platte sits in Evangeline Parish, which averages a high of 93.0°F in its hottest month and a low of 39.8°F in its coldest, with 57.94" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 2,718 cooling and 1,710 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Evangeline Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Evangeline Parish
Full Evangeline Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Ville Platte 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 Ville Platte every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ville Platte I already own here and may sell
Common questions
How much does it cost to own a home in Ville Platte?
A $88,000 home in Ville Platte, Louisiana costs approximately $872 per month with 20% down at 7.24%. That is $480 principal and interest, $17 property tax, $79 homeowners insurance, $223 utilities and $73 set aside for maintenance.
What is the property tax rate in Ville Platte?
Ville Platte has an effective property tax rate of 0.226%, based on a median home value of $88,100 and median real estate taxes of $199. That is lower than the Evangeline Parish average of 0.273%.
What is the average home price in Ville Platte?
The median owner-occupied home value in Ville Platte, Louisiana is $88,100, against $118,500 across Evangeline Parish.
Is it cheaper to rent or buy in Ville Platte?
Median gross rent in Ville Platte is $678 a month, against $872 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 Ville Platte?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ville Platte, Louisiana at today's rate takes a household income of roughly $37,500 a year. That covers the full $872 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ville Platte, 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.