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Erath

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

Median Home$160,200
Median Rent$879/month
Population2,024
Leading IndustriesWholesale Trade · Manufacturing · Public Administration13% wholesale trade
Home Value Growth⬇⬇-19.2% over 2 years
Retirees24% of residentsslightly above average
Homeowners77% of occupied units
Erath
LA

Frequently Asked Questions

What are today's mortgage rates in Erath?

As of today, the 30-year fixed mortgage rate for Erath is approximately 6.884% (6.920% 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 Erath?

The median home value in Erath is $160k. The median monthly rent is $879. Annual property taxes average $636. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Erath?

Home values in Erath have decreased 19.2% over the past two years. Buyers may find more negotiating room in this market. 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 Erath?

Based on a typical all-in ownership cost of $807/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Erath is $56k/year.

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What industries drive the economy in Erath?

The largest employment sectors in Erath are public administration (26%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.