Total monthly cost of ownership
Cost to Own a Home in Winnsboro, Louisiana
A $96,000 home here costs
$872per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $494. The real number is $378 higher every month — 77% 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.
Winnsboro against Franklin Parish and Louisiana
| Measure | Winnsboro | Franklin Parish |
|---|---|---|
| Median home value | $96,000 | $117,200 |
| Median property tax | $199 | $378 |
| Effective tax rate | 0.207% | 0.323% |
| Median gross rent | $740 | $719 |
| Population | 4,777 | 19,590 |
The weather behind that power bill
Winnsboro sits in Franklin Parish, which averages a high of 93.6°F in its hottest month and a low of 36.7°F in its coldest, with 55.1" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,495 cooling and 2,213 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Franklin Parish — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin Parish
Full Franklin Parish cost breakdown · Every county in Louisiana
Common questions
How much does it cost to own a home in Winnsboro?
A $96,000 home in Winnsboro, Louisiana costs approximately $872 per month with 20% down at 6.66%. That is $494 principal and interest, $17 property tax, $87 homeowners insurance, $195 utilities and $80 set aside for maintenance.
What is the property tax rate in Winnsboro?
Winnsboro has an effective property tax rate of 0.207%, based on a median home value of $96,000 and median real estate taxes of $199. That is lower than the Franklin Parish average of 0.323%.
What is the average home price in Winnsboro?
The median owner-occupied home value in Winnsboro, Louisiana is $96,000, against $117,200 across Franklin Parish.
Is it cheaper to rent or buy in Winnsboro?
Median gross rent in Winnsboro is $740 a month, against $872 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 Winnsboro — 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.