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Spearsville

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

Median Home$68,800
Median Rent$808/month
Population127
Leading IndustriesTransportation · Wholesale Trade · Education5% transportation
Home Value Growth⬆⬆+13.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners67% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$69k median home · lower cost than 99% of the country
Spearsville
LA

Frequently Asked Questions

What are today's mortgage rates in Spearsville?

As of today, the 30-year fixed mortgage rate for Spearsville is approximately 6.929% (6.966% 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 Spearsville?

The median home value in Spearsville is $69k. The median monthly rent is $808. Annual property taxes average $261. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spearsville?

Home values in Spearsville have increased 13.4% 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 Spearsville?

Based on a typical all-in ownership cost of $481/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spearsville is $26k/year.

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What industries drive the economy in Spearsville?

The largest employment sectors in Spearsville are public administration (22%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.