Total monthly cost of ownership
Cost to Own a Home in Winnfield, Louisiana
A $74,000 home here costs
$721per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $380. The real number is $340 higher every month — 89% 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.
Winnfield against Winn Parish and Louisiana
| Measure | Winnfield | Winn Parish |
|---|---|---|
| Median home value | $74,000 | $102,600 |
| Median property tax | $199 | $323 |
| Effective tax rate | 0.269% | 0.315% |
| Median gross rent | $668 | $640 |
| Population | 4,042 | 13,506 |
The weather behind that power bill
Winnfield sits in Winn Parish, which averages a high of 93.2°F in its hottest month and a low of 35.6°F in its coldest, with 57.69" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,376 cooling and 2,238 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Winn Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Winn Parish
No other places of this size are published in Winn Parish.
Common questions
How much does it cost to own a home in Winnfield?
A $74,000 home in Winnfield, Louisiana costs approximately $721 per month with 20% down at 6.66%. That is $380 principal and interest, $17 property tax, $67 homeowners insurance, $195 utilities and $62 set aside for maintenance.
What is the property tax rate in Winnfield?
Winnfield has an effective property tax rate of 0.269%, based on a median home value of $74,000 and median real estate taxes of $199. That is lower than the Winn Parish average of 0.315%.
What is the average home price in Winnfield?
The median owner-occupied home value in Winnfield, Louisiana is $74,000, against $102,600 across Winn Parish.
Is it cheaper to rent or buy in Winnfield?
Median gross rent in Winnfield is $668 a month, against $721 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 Winnfield — 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.