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Red Chute

Learn about the people, housing, costs and businesses in Red Chute, Louisiana

Median Home$229,510
Median Rent$1,810/month
Population6,699
Leading IndustriesManufacturing · Transportation · Finance & Insurance5% manufacturing
Home Value Growth+7.4% over 2 years
Family-Friendly28% of residentswell above average
Homeowners87% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Red Chute
LA

Frequently Asked Questions

What are today's mortgage rates in Red Chute?

As of today, the 30-year fixed mortgage rate for Red Chute is approximately 7.017% (7.057% 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 Red Chute?

The median home value in Red Chute is $230k. The median monthly rent is $1,810. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Red Chute?

Home values in Red Chute have increased 7.4% 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 Red Chute?

Based on a typical all-in ownership cost of $1,356/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Chute is $91k/year.

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What industries drive the economy in Red Chute?

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