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Westminster

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

Median Home$230,500
Median Rent$1,338/month
Population2,580
Leading IndustriesEducation · Public Administration · Arts, Food & Hospitality6% education
Home Value Growth-0.4% over 2 years
Retirees27% of residentsabove average nationally
Renters53% of occupied units
NotableHighly Educated29% bachelor's · 12% graduate · top 10% nationally
Westminster
LA

Frequently Asked Questions

What are today's mortgage rates in Westminster?

As of today, the 30-year fixed mortgage rate for Westminster is approximately 6.954% (6.995% 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 Westminster?

The median home value in Westminster is $231k. The median monthly rent is $1,338. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westminster?

Home values in Westminster have decreased 0.4% 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 Westminster?

Based on a typical all-in ownership cost of $1,218/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westminster is $52k/year.

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What industries drive the economy in Westminster?

The largest employment sectors in Westminster are public administration (34%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.