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Louisiana

Learn about the people, housing, costs and businesses across Louisiana

Median Home$225,568
Median Rent$1,105/month
Population4,611,961
Leading IndustriesManufacturing · Wholesale Trade · Public Administration2% manufacturing
Home Value Growth+7.7% over 2 years
Family-Friendly23% of residentsslightly above average
Homeowners67% of occupied units
NotableAffordable Market$226k median home · lower cost than 83% of the country
Louisiana

Frequently Asked Questions

What are today's mortgage rates in Louisiana?

As of today, the 30-year fixed mortgage rate for Louisiana is approximately 6.922% (6.977% 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 Louisiana?

The median home value in Louisiana is $226k. The median monthly rent is $1,105. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Louisiana?

Home values in Louisiana have increased 7.7% 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 Louisiana?

Based on a typical all-in ownership cost of $1,044/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Louisiana is $67k/year.

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What industries drive the economy in Louisiana?

The largest employment sectors in Louisiana are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.