Total monthly cost of ownership
Cost to Own a Home in Winnfield, Louisiana
A $74,000 home here costs
$771per 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 $33,000 a year.
A standard mortgage calculator would have told you $403. The real number is $368 higher every month, 91% more than the payment most buyers budget for.
Compare Winn Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Winnfield from a five-year rolling sample, and with about 4,042 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Winn Parish figures are drawn from a far larger sample if you want a steadier number.
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 $155 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.
Talk to someone who works this market
These are Winnfield 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 Winnfield every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Winnfield I already own here and may sell
Common questions
How much does it cost to own a home in Winnfield?
A $74,000 home in Winnfield, Louisiana costs approximately $771 per month with 20% down at 7.24%. That is $403 principal and interest, $17 property tax, $67 homeowners insurance, $223 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 $771 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 Winnfield?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Winnfield, Louisiana at today's rate takes a household income of roughly $33,000 a year. That covers the full $771 monthly cost, not just the mortgage payment.
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.