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Fall in love with Louisiana all over again.

Home Mortgage Rates in Louisiana

Mardi Gras Float Jester.

Louisiana is a very beautiful state rich with color, culture, and character(s). It offers both large cities and small towns suitable for folks of all types looking for a new place to call home. Whether you are interested in land for farming, such as up north, prefer the scenic routes of middle Louisiana, life on the delta, or the dazzling New Orleans, there is truly something for everyone in the Pelican State.

Median Real Estate Prices throughout the State

Property prices really do vary throughout Louisiana. There are great deals out there spread all over the state, but for those who have a specific area in mind, that’s a great way to start.

Shreveport/Bossier City (northwest Louisiana) and Monroe (northeast Louisiana)

Shreveport Skyline.

The Shreveport/Bossier City area is both beautiful and lively, with everything from scenic historic districts to an exciting nightlife scene. There are homes in this area for those looking for homes that are more luxurious; magnificent homes in the $750,000 dollar range are available in this area. For those interested in the other end of the spectrum, there are fantastic buys available for properties with land and quaint homes in the $50,000 range. The median home price in this area is approximately $170,000, compared to the national average home price of $177,900.

Monroe and its outlying areas offer quaint farmland and a more rural setting for those looking to be away from the hustle and bustle. Monroe’s beautiful setting places the perfect backdrop for real estate in the area; again, for those looking for something more luxurious, Monroe offers beautiful plantation-style homes in the million-dollar range; for those looking for properties that are a steal, cute homes on large lots can be found in the $15,000 to $20,000 range. The median home price in and around Monroe is approximately $111,000, compared to the national average of $177,900.

Alexandria/Pineville (western central Louisiana)

This area sits on the banks of the Red River and is deep in the heart of the state. With famous places like the Alexandria Zoological Park, marshes, swamps, and bayous teeming with wildlife such as alligators and cougars, and a Mardi Gras parade all of Alexandria’s own, this area is an excellent choice. Median home prices in the cities of Alexandria and Pineville are around $170,000; prices in the more rustic outlying areas, such as Boyce, are in the range of $135,000.

New Orleans (south western Louisiana)

For those looking to live in the Big Easy, prices are going to depend on which part of the city you are looking at. There are multi-million dollar mansions available in the French Quarter, and great shotgun house deals under $10,000. The median price of homes in the greater New Orleans area (excluding the French Quarter) is $153,000; the average price for properties inside the French Quarter is between $650,000 and $700,000. The population of New Oreleans peaked at 627,525 in 1960. Population continued to decline into the current century after the devistating impacts of Hurricane Katrina and Hurricane Rita in August & September of 2005. The city's population has since begun to recover, growing 3.86% between 2010 & 2016.

New Orleans Skyline.

Places to Live

Metropolitan Areas

LA Rank US Rank Metropolitan Area 2016 Pop 2010 Pop Change % △
1 46 New Orleans-Metairie 1,268,883 1,189,866 79,017 6.64%
2 70 Baton Rouge 835,175 802,484 32,691 4.07%
3 108 Lafayette 491,528 466,750 24,778 5.31%
4 121 Shreveport-Bossier City 441,767 439,811 1,956 0.44%
5 211 Houma-Thibodaux 211,525 208,178 3,347 1.61%
6 214 Lake Charles 207,483 199,607 7,876 3.95%
7 235 Monroe 179,470 176,441 3,029 1.72%
8 265 Alexandria 154,789 153,922 867 0.56%
9 314 Hammond 130,710 121,097 9,613 7.94%
10 432 Opelousas 83,883 83,384 499 0.60%
11 579 Morgan City 52,093 54,650 -2,557 -4.68%
12 587 Natchez, MS-LA Micro Area 51,168 53,119 -1,951 -3.67%
13 591 Fort Polk South 50,569 52,334 -1,765 -3.37%
14 612 Ruston 47,745 46,735 1,010 2.16%
15 624 Bogalusa 46,310 47,168 -858 -1.82%
16 707 Natchitoches 39,162 39,566 -404 -1.02%
17 738 DeRidder 36,927 35,654 1,273 3.57%
18 805 Jennings 31,413 31,594 -181 -0.57%
19 855 Bastrop 26,071 27,979 -1,908 -6.82%

Popular Locations

The most popular place to live in Louisiana is Terrebonne Parish, known as Cajun Country. This includes areas such as Chacahoula, Cocodrie, Oak Forest, Sarah Plantation, Magnolia Plantation, and Woodlawn. This area is very beautiful and historic, but can lack in job opportunities.

Another popular area is the northern area of Shreveport/Bossier city. There are more job opportunities, great dining choices, and a wide variety of housing options in this area. Bossier City is currently undergoing a great deal of suburban expansion, so it definitely has up-and-coming potential.

Fastest Growing Cities (and why they are growing!)

Houma, Louisiana is at the top of the list of the fastest growing Louisiana cities. In the heart of Cajun Country, located in Terrebonne Parish, Houma is the parish seat and economic center of its parish. Houma is famous for its food, swamps, music, and hospitality. It even has its own Mardi Gras celebrations! While Houma is at the southern end of Louisiana, it is close to the larger cities of New Orleans, Baton Rouge, and Lafayette, and the local economy, once dependent on the oil industry, is now thriving thanks to seafood production, tourists, and the medical industry. It currently has an unemployment rate of 4.8%, well under the national average of 9.7%. The average household income has risen over 25% in recent years, and the increase in households is more than 20% in the last ten years.

Huey Long Statue in Baton Rouge.

Houma is growing mainly due to the change in their economic situation. In the past, the majority of Houma’s employment as well as the smaller, unincorporated surrounding areas depended heavily on the oil industry and those industries touched directly by it. Recently, an increase in seafood fishing and production, as well as more tourism and an influx of medical professionals due to money received by the state from the federal government for storm-related damages has created a shift in Houma’s economic opportunities. With more high-paying professional jobs and more varied employment opportunities, residents from other, less economically diverse areas of Louisiana and its surrounding states are moving to Houma to take advantage of its offerings.

Louisiana Census Data

According to the United States Census an estimated 4,681,666 people live in the state of Michigan. The state has 43,203.9 mi² of land area, which gave it a population density of 108.36 per mi². Here is a list of cities, towns, townships, villages & Census Designated Places with more than 1,000 residents, with their estimated population as of June 2016 & the 2010 United States Census. For Census Designated Places (CDP) where there was no population estimate available for 2016 the 2011-2015 American Community Survey 5-Year Estimates data was used.

All table columns are sortable. Click on the column headers to sort by that column. Click again to sort low to high. Cities with higher levels of population growth typically see the increased demand drive faster real estate price appreciation.

Rank Geography Parish 2016 Pop 2010 Pop Change % △ Land mi² Pop Den mi²
1 New Orleans Orleans 391,495 343,829 47,666 13.86% 169.42 2,310.80
2 Baton Rouge East Baton Rouge 227,715 229,493 -1,778 -0.77% 76.95 2,959.26
3 Shreveport Caddo & Bossier 194,920 199,311 -4,391 -2.20% 105.38 1,849.69
Metairie CDP Jefferson 142,715 138,481 4,234 3.06% 23.22 6,146.21
4 Lafayette Lafayette 127,626 120,623 7,003 5.81% 49.23 2,592.44
5 Lake Charles Calcasieu 76,848 71,993 4,855 6.74% 42.06 1,827.10
6 Bossier City Bossier 68,485 61,315 7,170 11.69% 42.34 1,617.50
7 Kenner Jefferson 67,089 66,702 387 0.58% 14.87 4,511.70
8 Monroe Ouachita 49,297 48,815 482 0.99% 29.21 1,687.68
9 Alexandria Rapides 47,832 47,723 109 0.23% 28.41 1,683.63
10 Houma Terrebonne 34,024 33,727 297 0.88% 14.42 2,359.50
Marrero CDP Jefferson 31,738 33,141 -1,403 -4.23% 7.94 3,997.23
11 New Iberia Iberia 30,386 30,617 -231 -0.75% 11.14 2,727.65
Prairieville CDP Ascension 29,721 26,895 2,826 10.51% 22 1,350.95
Laplace CDP St. John the Baptist 28,640 29,872 -1,232 -4.12% 21.19 1,351.58
12 Central East Baton Rouge 28,529 26,864 1,665 6.20% 62.24 458.37
13 Slidell St. Tammany 28,013 27,068 945 3.49% 14.84 1,887.67
Terrytown CDP Jefferson 24,910 23,319 1,591 6.82% 3.67 6,787.47
14 Ruston Lincoln 22,370 21,859 511 2.34% 20.85 1,072.90
Chalmette CDP St. Bernard 21,311 16,751 4,560 27.22% 7.15 2,980.56
Harvey CDP Jefferson 21,085 20,348 737 3.62% 6.57 3,209.28
Bayou Cane CDP Terrebonne 21,067 19,355 1,712 8.85% 7.61 2,768.33
15 Hammond Tangipahoa 20,609 20,019 590 2.95% 14.01 1,471.02
16 Sulphur Calcasieu 20,272 20,410 -138 -0.68% 9.99 2,029.23
Shenandoah CDP East Baton Rouge 18,874 18,399 475 2.58% 6.21 3,039.29
17 Natchitoches Natchitoches 18,319 18,323 -4 -0.02% 22.63 809.50
18 Gretna Jefferson 17,897 17,736 161 0.91% 4.04 4,429.95
19 Zachary East Baton Rouge 16,760 14,960 1,800 12.03% 23.93 700.38
20 Opelousas St. Landry 16,541 16,634 -93 -0.56% 7.91 2,091.15
Estelle CDP Jefferson 15,355 16,377 -1,022 -6.24% 5.01 3,064.87
21 Thibodaux Lafourche 14,610 14,566 44 0.30% 6.03 2,422.89
22 Pineville Rapides 14,480 14,555 -75 -0.52% 12.63 1,146.48
River Ridge CDP Jefferson 13,636 13,494 142 1.05% 2.8 4,870.00
23 Baker East Baton Rouge 13,628 13,895 -267 -1.92% 8.3 1,641.93
Belle Chasse CDP Plaquemines 13,610 12,679 931 7.34% 24.91 546.37
24 Crowley Acadia 13,060 13,265 -205 -1.55% 5.75 2,271.30
25 West Monroe Ouachita 12,922 13,065 -143 -1.09% 7.94 1,627.46
Luling CDP St. Charles 12,825 12,119 706 5.83% 23.3 550.43
26 Youngsville Lafayette 12,709 8,105 4,604 56.80% 10.95 1,160.64
Moss Bluff CDP Calcasieu 12,595 11,557 1,038 8.98% 15.22 827.53
27 Minden Webster 12,577 13,082 -505 -3.86% 14.97 840.15
Bayou Blue CDP Lafourche & Terrebonne 12,574 12,352 222 1.80% 23.26 540.58
28 Abbeville Vermilion 12,452 12,257 195 1.59% 6.04 2,061.59
29 Mandeville St. Tammany 12,424 11,560 864 7.47% 6.71 1,851.56
Woodmere CDP Jefferson 12,161 12,080 81 0.67% 3.65 3,331.78
30 Bogalusa Washington 11,913 12,232 -319 -2.61% 9.5 1,254.00
Claiborne CDP Ouachita 11,760 11,507 253 2.20% 9.96 1,180.72
31 Morgan City St. Mary & St. Martin 11,646 12,404 -758 -6.11% 5.98 1,947.49
32 Broussard Lafayette & St. Martin 11,507 8,197 3,310 40.38% 16.4 701.65
Jefferson CDP Jefferson 11,061 11,193 -132 -1.18% 2.71 4,081.55
33 DeRidder Beauregard & Vernon 11,048 10,578 470 4.44% 9.14 1,208.75
Timberlane CDP Jefferson 10,996 10,243 753 7.35% 1.5 7,330.67
Destrehan CDP St. Charles 10,994 11,535 -541 -4.69% 5.91 1,860.24
Gardere CDP East Baton Rouge 10,908 10,580 328 3.10% 3.39 3,217.70
34 Gonzales Ascension 10,832 9,781 1,051 10.75% 8.38 1,292.60
35 Bastrop Morehouse 10,578 11,365 -787 -6.92% 8.9 1,188.54
Raceland CDP Lafourche 10,556 10,193 363 3.56% 21.57 489.38
36 Denham Springs Livingston 10,335 10,215 120 1.17% 7.29 1,417.70
37 Covington St. Tammany 10,310 8,765 1,545 17.63% 7.98 1,291.98
38 Eunice St. Landry & Acadia 10,279 10,398 -119 -1.14% 5.13 2,003.70
39 Jennings Jefferson Davis 10,118 10,383 -265 -2.55% 10.4 972.88
Fort Polk South CDP Vernon 9,684 9,038 646 7.15% 6.16 1,572.08
Reserve CDP St. John the Baptist 9,615 9,766 -151 -1.55% 14.56 660.37
40 Harahan Jefferson 9,360 9,277 83 0.89% 2.01 4,656.72
Waggaman CDP Jefferson 9,334 10,015 -681 -6.80% 5.5 1,697.09
Merrydale CDP East Baton Rouge 9,008 9,772 -764 -7.82% 4.24 2,124.53
St. Rose CDP St. Charles 8,868 8,122 746 9.18% 6.33 1,400.95
41 Carencro Lafayette 8,752 7,526 1,226 16.29% 7.61 1,150.07
42 Scott Lafayette 8,733 8,614 119 1.38% 11.12 785.34
43 Westwego Jefferson 8,533 8,534 -1 -0.01% 3.11 2,743.73
Oak Hills Place CDP East Baton Rouge 8,487 8,195 292 3.56% 3.11 2,728.94
44 Breaux Bridge St. Martin 8,407 8,139 268 3.29% 7.72 1,088.99
45 Donaldsonville Ascension 8,218 7,436 782 10.52% 3.79 2,168.34
46 Rayne Acadia 8,134 7,953 181 2.28% 3.81 2,134.91
Prien CDP Calcasieu 8,114 7,810 304 3.89% 6 1,352.33
Lacombe CDP St. Tammany 8,038 8,679 -641 -7.39% 26.45 303.89
47 Oakdale Allen 7,704 7,780 -76 -0.98% 5.19 1,484.39
Galliano CDP Lafourche 7,510 7,676 -166 -2.16% 11.15 673.54
Village St. George CDP East Baton Rouge 7,294 7,104 190 2.67% 2.24 3,256.25
48 Ville Platte Evangeline 7,270 7,430 -160 -2.15% 4.02 1,808.46
Larose CDP Lafourche 7,217 7,400 -183 -2.47% 10.87 663.94
49 Ponchatoula Tangipahoa 7,209 6,559 650 9.91% 4.75 1,517.68
50 St. Gabriel Iberville 7,205 6,677 528 7.91% 29.66 242.92
Eden Isle CDP St. Tammany 7,183 7,041 142 2.02% 3.23 2,223.84
51 Franklin St. Mary 7,182 7,660 -478 -6.24% 9.92 723.99
Schriever CDP Terrebonne 7,142 6,853 289 4.22% 14.31 499.09
Bridge City CDP Jefferson 7,027 7,706 -679 -8.81% 4.18 1,681.10
52 Tallulah Madison 7,020 7,335 -315 -4.29% 2.78 2,525.18
Old Jefferson CDP East Baton Rouge 6,999 6,980 19 0.27% 3.52 1,988.35
53 Plaquemine Iberville 6,780 7,119 -339 -4.76% 2.92 2,321.92
Inniswold CDP East Baton Rouge 6,583 6,180 403 6.52% 2.24 2,938.84
54 Walker Livingston 6,404 6,138 266 4.33% 6.23 1,027.93
Meraux CDP St. Bernard 6,397 5,816 581 9.99% 4.15 1,541.45
55 Leesville Vernon 6,286 6,612 -326 -4.93% 5.6 1,122.50
Red Chute CDP Bossier 6,206 6,261 -55 -0.88% 9.16 677.51
Violet CDP St. Bernard 6,119 4,973 1,146 23.04% 3.93 1,557.00
56 St. Martinville St. Martin 6,095 6,114 -19 -0.31% 3.09 1,972.49
57 Patterson St. Mary 6,061 6,112 -51 -0.83% 2.52 2,405.16
Cut Off CDP Lafourche 5,857 5,976 -119 -1.99% 14.64 400.07
58 Marksville Avoyelles 5,518 5,702 -184 -3.23% 4.82 1,144.81
Gray CDP Terrebonne 5,515 5,584 -69 -1.24% 11.64 473.80
Brownfields CDP East Baton Rouge 5,456 5,401 55 1.02% 4.14 1,317.87
59 Jeanerette Iberia 5,447 5,530 -83 -1.50% 2.29 2,378.60
Monticello CDP East Baton Rouge 5,260 5,172 88 1.70% 2.39 2,200.84
60 Grambling Lincoln 5,217 4,949 268 5.42% 5.91 882.74
Chackbay CDP Lafourche 5,162 5,177 -15 -0.29% 28.52 181.00
Avondale CDP Jefferson 5,117 4,954 163 3.29% 5.56 920.32
Bayou Vista CDP St. Mary 5,103 4,652 451 9.69% 1.8 2,835.00
61 Port Allen West Baton Rouge 5,102 5,180 -78 -1.51% 2.83 1,802.83
62 Springhill Webster 5,048 5,269 -221 -4.19% 6.21 812.88
Eastwood CDP Bossier 4,986 4,093 893 21.82% 6.41 777.85
Swartz CDP Ouachita 4,936 4,536 400 8.82% 8.13 607.13
63 Mansfield De Soto 4,913 5,001 -88 -1.76% 3.65 1,346.03
Carlyss CDP Calcasieu 4,896 4,670 226 4.84% 11.91 411.08
64 Addis West Baton Rouge 4,873 3,593 1,280 35.62% 4.2 1,160.24
65 Winnsboro Franklin 4,732 4,910 -178 -3.63% 4.08 1,159.80
66 Berwick St. Mary 4,689 4,946 -257 -5.20% 5.9 794.75
67 New Roads  Pointe Coupee 4,673 4,831 -158 -3.27% 4.58 1,020.31
68 Westlake Calcasieu 4,659 4,568 91 1.99% 3.65 1,276.44
69 Kaplan Vermilion 4,619 4,600 19 0.41% 2.32 1,990.95
70 Jonesboro Jackson 4,571 4,704 -133 -2.83% 4.84 944.42
Elmwood CDP Jefferson 4,552 4,635 -83 -1.79% 3.77 1,207.43
Arabi CDP St. Bernard 4,544 3,635 909 25.01% 1.77 2,567.23
71 Winnfield Winn 4,495 4,840 -345 -7.13% 3.64 1,234.89
72 Church Point Acadia 4,495 4,560 -65 -1.43% 2.89 1,555.36
73 Amite City Tangipahoa 4,429 4,141 288 6.95% 3.87 1,144.44
Brownsville CDP Ouachita 4,193 4,317 -124 -2.87% 3.49 1,201.43
74 Bunkie Avoyelles 4,064 4,171 -107 -2.57% 2.68 1,516.42
75 Vidalia Concordia 4,054 4,299 -245 -5.70% 2.59 1,565.25
76 Ball Rapides 4,009 4,000 9 0.23% 8.08 496.16
77 Farmerville Union 3,853 3,860 -7 -0.18% 5.78 666.61
78 Jackson East Feliciana 3,786 3,842 -56 -1.46% 4.46 848.88
79 Franklinton Washington 3,781 3,857 -76 -1.97% 4.37 865.22
80 Lake Providence East Carroll 3,693 3,991 -298 -7.47% 3.59 1,028.69
81 Rayville Richland 3,634 3,695 -61 -1.65% 2.31 1,573.16
82 Vivian Caddo 3,585 3,671 -86 -2.34% 5.5 651.82
South Vacherie CDP St. James 3,577 3,642 -65 -1.78% 5.12 698.63
Hahnville CDP St. Charles 3,540 3,344 196 5.86% 5.56 636.69
83 Gramercy St. James 3,449 3,613 -164 -4.54% 2.03 1,699.01
84 Richwood Ouachita 3,446 3,392 54 1.59% 2.55 1,351.37
85 Jena La Salle 3,435 3,398 37 1.09% 5.5 624.55
Bawcomville CDP Ouachita 3,404 3,588 -184 -5.13% 3.17 1,073.82
86 Lutcher St. James 3,362 3,559 -197 -5.54% 3.36 1,000.60
87 Vinton Calcasieu 3,356 3,212 144 4.48% 5 671.20
88 Ferriday Concordia 3,330 3,511 -181 -5.16% 1.63 2,042.94
89 Haughton Bossier 3,325 3,454 -129 -3.73% 5.27 630.93
90 Iowa Calcasieu 3,291 2,996 295 9.85% 3.15 1,044.76
91 Welsh Jefferson Davis 3,232 3,226 6 0.19% 6.32 511.39
92 Mamou Evangeline 3,187 3,242 -55 -1.70% 1.4 2,276.43
93 Greenwood Caddo 3,157 3,219 -62 -1.93% 8.98 351.56
94 DeQuincy Calcasieu 3,152 3,235 -83 -2.57% 3.18 991.19
95 Blanchard Caddo 3,144 2,899 245 8.45% 3.99 787.97
Westminster CDP East Baton Rouge 2,996 3,008 -12 -0.40% 1.14 2,628.07
Norco CDP St. Charles 2,994 3,074 -80 -2.60% 3.44 870.35
96 Sunset St. Landry 2,974 2,897 77 2.66% 3.11 956.27
97 Homer Claiborne 2,964 3,237 -273 -8.43% 4.65 637.42
Chauvin CDP Terrebonne 2,945 2,912 33 1.13% 4.76 618.70
98 Delhi Richland 2,879 2,919 -40 -1.37% 2.88 999.65
99 Arcadia Bienville 2,875 2,919 -44 -1.51% 3.05 942.62
Milton CDP Lafayette 2,854 3,030 -176 -5.81% 5.07 562.92
100 Brusly West Baton Rouge 2,794 2,589 205 7.92% 2.21 1,264.25
101 Many Sabine 2,790 2,853 -63 -2.21% 3.46 806.36
102 Lake Arthur Jefferson Davis 2,746 2,738 8 0.29% 1.85 1,484.32
Natalbany CDP Tangipahoa 2,587 2,984 -397 -13.30% 4.45 581.35
Pierre Part CDP Assumption 2,555 3,169 -614 -19.38% 3.07 832.25
103 Pearl River St. Tammany 2,552 2,506 46 1.84% 3.49 731.23
Edgard CDP St. John the Baptist 2,531 2,441 90 3.69% 11.6 218.19
104 Sterlington Ouachita 2,530 1,594 936 58.72% 2.85 887.72
105 Abita Springs St. Tammany 2,529 2,365 164 6.93% 4.48 564.51
Ossun CDP Lafayette 2,528 2,144 384 17.91% 3.39 745.72
106 Lockport Lafourche 2,504 2,578 -74 -2.87% 0.64 3,912.50
North Vacherie CDP St. James 2,462 2,346 116 4.94% 5.54 444.40
Boutte CDP St. Charles 2,450 3,075 -625 -20.33% 13.79 177.66
107 New Llano Vernon 2,447 2,504 -57 -2.28% 0.97 2,522.68
Bourg CDP Terrebonne 2,444 2,579 -135 -5.23% 5.65 432.57
108 Kinder Allen 2,436 2,477 -41 -1.66% 5.53 440.51
Amelia CDP St. Mary 2,408 2,459 -51 -2.07% 2.57 936.96
Fort Polk North CDP Vernon 2,391 2,864 -473 -16.52% 8.38 285.32
Mathews CDP Lafourche 2,387 2,209 178 8.06% 3.99 598.25
Grand Point CDP St. James 2,383 2,473 -90 -3.64% 4.25 560.71
109 Kentwood Tangipahoa 2,377 2,198 179 8.14% 7.07 336.21
Garyville CDP St. John the Baptist 2,314 2,811 -497 -17.68% 14.27 162.16
110 Baldwin St. Mary 2,312 2,436 -124 -5.09% 3.22 718.01
Poydras CDP St. Bernard 2,271 2,351 -80 -3.40% 3.91 580.82
111 Stonewall De Soto 2,188 1,814 374 20.62% 7.49 292.12
Bayou Gauche CDP St. Charles 2,154 2,071 83 4.01% 12.85 167.63
Labadieville CDP Assumption 2,149 1,854 295 15.91% 3.9 551.03
112 Haynesville Claiborne 2,148 2,327 -179 -7.69% 4.83 444.72
113 Jonesville Catahoula 2,128 2,265 -137 -6.05% 1.92 1,108.33
114 Simmesport Avoyelles 2,120 2,161 -41 -1.90% 2.18 972.48
115 Port Barre St. Landry 2,119 2,055 64 3.11% 1.07 1,980.37
116 Erath Vermilion 2,109 2,114 -5 -0.24% 1.76 1,198.30
117 Benton Bossier 2,060 1,948 112 5.75% 1.95 1,056.41
Des Allemands CDP St. Charles & Lafourche 2,054 2,505 -451 -18.00% 9.94 206.64
Port Sulphur CDP Plaquemines 2,053 1,760 293 16.65% 5.47 375.32
118 Golden Meadow Lafourche 2,038 2,101 -63 -3.00% 2.45 831.84
Lafourche Crossing CDP Lafourche 2,035 2,002 33 1.65% 4.21 483.37
Montz CDP St. Charles 2,033 1,918 115 6.00% 2.14 950.00
Erwinville CDP West Baton Rouge 2,010 2,192 -182 -8.30% 7.97 252.20
119 Jean Lafitte Jefferson 1,977 1,903 74 3.89% 5.86 337.37
120 Cottonport Avoyelles 1,954 2,006 -52 -2.59% 2.01 972.14
121 Zwolle Sabine 1,950 1,759 191 10.86% 3.25 600.00
Minorca CDP Concordia 1,942 2,317 -375 -16.18% 4.47 434.45
122 Livingston Livingston 1,937 1,769 168 9.50% 3.22 601.55
123 Delcambre Vermilion & Iberia 1,888 1,866 22 1.18% 1.16 1,627.59
124 Independence Tangipahoa 1,888 1,665 223 13.39% 2.27 831.72
125 Coushatta Red River 1,841 1,964 -123 -6.26% 3.34 551.20
126 Basile Evangeline & Acadia 1,812 1,821 -9 -0.49% 1.16 1,562.07
127 White Castle Iberville 1,799 1,883 -84 -4.46% 0.73 2,464.38
128 Duson Lafayette & Acadia 1,754 1,716 38 2.21% 2.76 635.51
129 Henderson St. Martin 1,750 1,674 76 4.54% 1.85 945.95
130 Oberlin Allen 1,749 1,770 -21 -1.19% 4.38 399.32
Lawtell CDP St. Landry 1,744 1,198 546 45.58% 4.15 420.24
Charenton CDP St. Mary 1,731 1,903 -172 -9.04% 4.97 348.29
Presquille CDP Terrebonne 1,730 1,807 -77 -4.26% 0.78 2,217.95
Belle Rose CDP Assumption 1,722 1,902 -180 -9.46% 5.35 321.87
Lakeshore CDP Ouachita 1,717 1,930 -213 -11.04% 0.85 2,020.00
131 St. Francisville West Feliciana 1,675 1,765 -90 -5.10% 1.81 925.41
132 Bernice Union 1,654 1,689 -35 -2.07% 3.23 512.07
133 Rosepine Vernon 1,641 1,692 -51 -3.01% 2.39 686.61
134 Oak Grove  West Carroll 1,634 1,727 -93 -5.39% 1.72 950.00
135 Sorrento Ascension 1,615 1,401 214 15.27% 3.42 472.22
136 Clinton East Feliciana 1,581 1,653 -72 -4.36% 2.74 577.01
Deville CDP Rapides 1,577 1,764 -187 -10.60% 13.14 120.02
Banks Springs CDP Caldwell 1,568 1,192 376 31.54% 3.13 500.96
137 Logansport De Soto 1,565 1,555 10 0.64% 3.26 480.06
Bayou L'Ourse CDP Assumption 1,563 1,978 -415 -20.98% 2.72 574.63
Montegut CDP Terrebonne 1,560 1,540 20 1.30% 4.19 372.32
138 Colfax Grant 1,518 1,558 -40 -2.57% 1.49 1,018.79
139 Iota Acadia 1,473 1,500 -27 -1.80% 1.27 1,159.84
140 Pine Prairie Evangeline 1,465 1,610 -145 -9.01% 1.61 909.94
Midway CDP La Salle 1,458 1,291 167 12.94% 3.03 481.19
New Sarpy CDP St. Charles 1,453 1,464 -11 -0.75% 1.17 1,241.88
141 Ringgold Bienville 1,441 1,495 -54 -3.61% 2.32 621.12
Cade CDP St. Martin 1,428 1,723 -295 -17.12% 6.63 215.38
142 Mansura Avoyelles 1,422 1,419 3 0.21% 2.7 526.67
143 Grand Isle Jefferson 1,416 1,296 120 9.26% 6.4 221.25
144 Livonia Pointe Coupee 1,405 1,442 -37 -2.57% 1.89 743.39
145 Gueydan Vermilion 1,404 1,398 6 0.43% 0.91 1,542.86
146 Olla La Salle 1,393 1,385 8 0.58% 3.93 354.45
Lockport Heights CDP Lafourche 1,386 1,286 100 7.78% 1.31 1,058.02
Bayou Country Club CDP Lafourche 1,375 1,396 -21 -1.50% 0.83 1,656.63
147 Glenmora Rapides 1,354 1,342 12 0.89% 1.73 782.66
Vienna Bend CDP Natchitoches 1,335 1,251 84 6.71% 2.16 618.06
148 Killian Livingston 1,326 1,206 120 9.95% 10.88 121.88
149 Urania La Salle 1,319 1,313 6 0.46% 1.37 962.77
Paradis CDP St. Charles 1,304 1,298 6 0.46% 6.43 202.80
150 Maurice Vermilion 1,283 964 319 33.09% 2.12 605.19
Ama CDP St. Charles 1,241 1,316 -75 -5.70% 3.52 352.56
151 Roseland Tangipahoa 1,220 1,123 97 8.64% 2.08 586.54
Hackberry CDP Cameron 1,211 1,261 -50 -3.97% 28.08 43.13
152 Krotz Springs St. Landry 1,204 1,198 6 0.50% 1.73 695.95
153 French Settlement Livingston 1,192 1,116 76 6.81% 2.73 436.63
154 Lecompte Rapides 1,186 1,227 -41 -3.34% 1.06 1,118.87
Cecilia CDP St. Martin 1,183 1,980 -797 -40.25% 2.12 558.02
155 Sibley Webster 1,176 1,218 -42 -3.45% 3.86 304.66
Paulina CDP St. James 1,149 1,178 -29 -2.46% 4.62 248.70
156 Elton Jefferson Davis 1,130 1,128 2 0.18% 1.64 689.02
157 Merryville Beauregard 1,130 1,103 27 2.45% 9.79 115.42
Ventress CDP Pointe Coupee 1,121 890 231 25.96% 2.03 552.22
158 Cullen Webster 1,115 1,163 -48 -4.13% 1.15 969.57
159 Albany Livingston 1,114 1,088 26 2.39% 1.12 994.64
160 Woodworth Rapides 1,109 1,096 13 1.19% 8.57 129.40
161 Leonville St. Landry 1,105 1,084 21 1.94% 2.73 404.76
Dulac CDP Terrebonne 1,088 1,463 -375 -25.63% 16.01 67.96
Lakeview CDP Caddo 1,072 948 124 13.08% 0.84 1,276.19
162 Arnaudville St. Landry & St. Martin 1,069 1,057 12 1.14% 0.69 1,549.28
163 Melville St. Landry 1,053 1,041 12 1.15% 1.26 835.71
Union CDP St. James 1,051 892 159 17.83% 9.51 110.52
164 Maringouin Iberville 1,046 1,098 -52 -4.74% 0.74 1,413.51
165 Campti Natchitoches 1,046 1,056 -10 -0.95% 1.04 1,005.77
Start CDP Richland 1,041 905 136 15.03% 3.51 296.58
166 Newellton Tensas 1,040 1,187 -147 -12.38% 0.76 1,368.42
Supreme CDP Assumption 1,036 1,052 -16 -1.52% 3.39 305.60
167 St. Joseph Tensas 1,029 1,176 -147 -12.50% 0.89 1,156.18
Paincourtville CDP Assumption 1,017 911 106 11.64% 1.74 584.48
168 Clarks Caldwell 1,012 1,017 -5 -0.49% 0.96 1,054.17
169 Boyce Rapides 1,008 1,004 4 0.40% 0.46 2,191.30
Buras CDP Plaquemines 1,001 945 56 5.93% 2.3 435.22
Empire CDP Plaquemines 999 993 6 0.60% 5.22 191.38
170 Oil City Caddo 986 1,008 -22 -2.18% 1.78 553.93

Annual Estimates of the Resident Population: April 1, 2010 to July 1, 2016
Source: U.S. Census Bureau, Population Division
Release Date: May 2017.

Types of Louisiana Mortgage Loans

As of 2017 the conforming loan limit across the United States is set to $424,100, with a ceiling of 150% that amount in areas where median home values are higher. High local affordability makes the $424,100 ceiling apply statewide for single unit homes. Dual unit homes have a limit of $543,000, triple unit homes have a limit of $656,350 & quadruple unit homes have a limit of $815,650. Jumbo loans typically have a slightly higher rate of interest than conforming mortgages, though spreads vary based on credit market conditions.

There are many types of mortgage loans available to those looking to buy properties in Louisiana. Some of the most popular include adjustable rate mortgages, fixed rate mortgages, interest-only mortgages, balloon mortgages, jumbo loans, VA loans, and FHA loans.

  • Adjustable rate mortgages (ARMs) are loans whose interest rates adjust at set intervals during the life of a loan. For instance, the interest rate on a monthly ARM adjusts once every month; sometimes the rate goes up, sometimes it goes down, and some of these loans have a cap that the rate cannot increase above.
  • Fixed rate mortgages are just the opposite. The rate is fixed and a specific amount and stays that way for the entire life of the loan. If interest rates drop during this time, borrowers with a fixed rate mortgage are stuck paying the higher rate; adversely, if the rate rises, they continue paying the lower rate.
  • Interest-only mortgages have borrowers pay only interest and no principle amount for a set amount of time. For example, some interest-only mortgages let borrowers pay interest-only for the first ten years of the loan, and then require them to pay interest and principle for the remaining ten years.
  • Balloon mortgages include a rate and/or payment amount that changes over the life of the loan. Generally the rate and/or payment amount starts out low and gradually increases over time, with one or two substantially larger payments the last two years or so of the loan.
  • Jumbo loans are mortgages with loan amounts that are substantially higher than conventional lending limits will allow. Current laws allow lending institutions to lend amounts up to 125% of the median home value for the property’s statistical area.
  • VA and FHA loans are both governmentally funded loans with specific requirements that must be met in order to qualify.

USDA loans can help people with low incomes in rural parts of the state qualify for a subsidized low-interest loan.

Natural Disasters

Flood Insurance

Homeowner's insurance policies typically do not cover flooding. The southern coast, areas near the Mississipi river & the northwest corner of the state are considered to have high to very high flooding risk. Here is a parish-by-parish breakdown of parishes with an elevated risk of flooding.

  • Low risk of flooding: Saint Tammany
  • Moderate risk of flooding: Allen, Beauregard, De Soto, Evangeline, Saint Helena, Vernon, Webster
  • High risk of flooding: Avoyelles, Caddo, Calcasieu, East Feliciana, Jefferson Davis, Ouachita, Washington
  • Very high risk of flooding: Acadia, Ascension, Assumption, Bossier, Caldwell, East Baton Rouge, Iberia, Livingston, Saint Martin, Saint Mary, Tangipahoa, Vermilion
  • Low risk of hurricane storm surges: Acadia
  • Moderate risk of hurricane storm surges: Calcasieu, Saint Tammany
  • Very high risk of hurricane storm surges: Iberita, Vermilion

Home buyers with mortgages in high-risk areas are required to buy flood insurance. Most flood insurance policies are sold by the United States federal government through The National Flood Insurance Program. Under-priced flood insurance in high-risk areas act as a subsidy to wealthy homeowners.

The NFIP does not charge nearly enough to cover the expected costs of its liabilities. The assessments are not sufficient to build any buffer to cover an extraordinary year, such as what occurred with Hurricane Katrina in 2005 or Hurricane Sandy in 2012. Because homeowners don€™t incur the full cost of building in a flood zone we end up with more houses there than if homeowners incurred the full cost of the flood risk, which exacerbates the government€™s costs in the next disaster.

Homeowners who live in lower risk areas & are not required to purchase flood insurance heavily cross-subsidize homeowners who are in areas where floods are more common.

Wildfires

The risk of wildfires is considered moderate to very high near the Texas border region. Fire damages from wildfires & other types of fires are typically covered in most homeowner's insurance policies. If you own expensive items you may want to keep an up-to-date household inventory list which lists specific valuables, such as fine art & jewelry.

Tornadoes

The area near the southwest Mississippi border is considered to have a high tornado risk while some other parts of the state - particularly along the rest of the border with Mississippi - are considered to have a moderate risk. A basic homeowners policy should cover financial damages from tornadoes.

Hail

Hail damage is common along the northern border of the state along with the southwest corner of the state. Damage from hail is typically covered by home insurance policies.

Louisiana Recourse Laws and the Foreclosure Process

Louisiana is a recourse state. This means that if a borrower becomes unable to pay their mortgage and ends up defaulting, the lender can come after that borrower for the loan. There are many different options for the lender to obtain the funds from the borrower, such as seizure of an asset, garnishment of wages, or levying a judgment against the borrower in order to satisfy the debt. This is because recourse loans do not require collateral, and as such are unsecured loans.

There are two types of foreclosure processes in Louisiana: executory and ordinary. The ordinary process is much more extensive (generally lasting at least nine months) and expensive, and is very similar to a lawsuit. The executory process is set in motion when a lender utilizes a mortgage that has an “authentic act that imparts a confession of judgment” clause where the borrower acknowledges and accepts the obligation of the mortgage. When this language is present, the foreclosure can go much quicker, approximately six months. By Louisiana law, the lender does not have to notify the borrower that they intend to initiate foreclosing procedures, but the deed of trust or mortgage might. Regardless of that situation, when the lender files the petition the borrower is served with a demand for the default amount. The borrower then has three days to pay the money and if he or she cannot the court orders a “writ of seizure and sale”, which the court clerk delivers to the sheriff. It is then up to the sheriff to execute the writ, and escort the borrower from the property.

The state of Louisiana offers many beautiful and attractive places to live. They also have many mortgage programs offering potential borrowers the opportunity to obtain a mortgage for one of those properties. In the event of the borrower defaulting on a mortgage, the lender has the ability to demand the remaining amount from the individual borrower and can obtain that payment via many means, including seizure of the property and initiating foreclosure proceedings. Foreclosures in Louisiana can last between six and nine months, and begin with an opportunity for the borrower to fulfill their existing financial obligations to the lender before legal action is taken to remove them from the property.

It is very important not only to choose the right property for you and your family, but also to choose the right loan product and make sure that you will be able to fulfill those obligations. Louisiana is a beautiful state with much to offer; choose wisely.