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Chatham

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

Median Home$111,200
Median Rent$717/month
Population459
Leading IndustriesInformation & Media · Finance & Insurance · Construction14% information & media
Home Value Growth+5.3% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$111k median home · lower cost than 88% of the country
Chatham
LA

Frequently Asked Questions

What are today's mortgage rates in Chatham?

As of today, the 30-year fixed mortgage rate for Chatham is approximately 6.985% (7.024% 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 Chatham?

The median home value in Chatham is $111k. The median monthly rent is $717. Annual property taxes average $336. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chatham?

Home values in Chatham have increased 5.3% over the past two years. This represents moderate growth. 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 Chatham?

Based on a typical all-in ownership cost of $377/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $16k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chatham is $44k/year.

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What industries drive the economy in Chatham?

The largest employment sectors in Chatham are information and media (14%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.