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Basile

Learn about the people, housing, costs and businesses in Basile, Louisiana

Median Home$142,900
Median Rent$816/month
Population1,379
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade12% finance & insurance
Home Value Growth⬆⬆⬆+34.0% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners82% of occupied units
NotableAffordable Market$143k median home · lower cost than 77% of the country
Basile
LA

Frequently Asked Questions

What are today's mortgage rates in Basile?

As of today, the 30-year fixed mortgage rate for Basile is approximately 7.013% (7.056% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Basile?

The median home value in Basile is $143k. The median monthly rent is $816. Annual property taxes average $502. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Basile?

Home values in Basile have increased 34.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Basile?

Based on a typical all-in ownership cost of $774/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Basile is $52k/year.

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What industries drive the economy in Basile?

The largest employment sectors in Basile are public administration (16%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.