Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Welcome

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

Median Home$96,400
Median Rent$616/month
Population658
Leading IndustriesTransportation · Finance & Insurance · Information & Media3% transportation
Home Value Growth-3.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners59% of occupied units
NotableAffordable Market$96k median home · lower cost than 93% of the country
Welcome
LA

Frequently Asked Questions

What are today's mortgage rates in Welcome?

As of today, the 30-year fixed mortgage rate for Welcome is approximately 6.918% (6.955% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Welcome
What is the median home price in Welcome?

The median home value in Welcome is $96k. The median monthly rent is $616. Annual property taxes average $688. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Welcome?

Home values in Welcome have decreased 3.9% 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 Welcome?

Based on a typical all-in ownership cost of $637/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Welcome is $35k/year.

Calculate your buying power
What industries drive the economy in Welcome?

The largest employment sectors in Welcome are public administration (19%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.