How much house can I afford on $40,000 in Louisiana?
About $147,000 with 20% down ($117,000 with an FHA loan), using Louisiana's 0.55% property tax rate.
That is $66,595 less than the typical Louisiana home ($213,867), so on $40,000 you'd look at cheaper areas or a smaller home. The payment of $933 covers $793 principal and interest, $67 property tax and $74 insurance.
Counties in Louisiana you can afford on $40,000
22 of 64 counties have a typical home value at or below $147,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Iberia Parish | $145,862 | +2.7% | 0.36% |
| LaSalle Parish | $141,436 | +0.9% | 0.45% |
| Washington Parish | $140,042 | +7.0% | 0.33% |
| Saint Landry Parish | $135,021 | +0.8% | 0.29% |
| Avoyelles Parish | $133,617 | +3.9% | 0.2% |
| Caldwell Parish | $133,154 | +10.6% | 0.44% |
| West Carroll Parish | $132,423 | +9.8% | 0.21% |
| Tensas Parish | $132,137 | -12.4% | 0.26% |
| Saint Mary Parish | $125,473 | +3.5% | 0.39% |
| Franklin Parish | $122,168 | -1.7% | 0.31% |
| Jackson Parish | $120,754 | +2.9% | 0.3% |
| Catahoula Parish | $119,514 | +14.8% | 0.32% |
| Concordia Parish | $118,343 | +9.6% | 0.37% |
| Allen Parish | $116,112 | -5.0% | 0.26% |
| Winn Parish | $113,751 | +0.2% | 0.3% |
| Webster Parish | $112,367 | -3.2% | 0.36% |
| Evangeline Parish | $103,484 | -0.1% | 0.29% |
| Bienville Parish | $103,201 | -6.8% | 0.3% |
| Morehouse Parish | $97,826 | +7.0% | 0.45% |
| Claiborne Parish | $95,550 | -21.5% | 0.43% |
| Madison Parish | $80,150 | -14.5% | 0.33% |
| East Carroll Parish | $59,633 | -6.8% | 0.28% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 0.55% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Louisiana
Frequently asked questions
How much house can I afford on $40,000 in Louisiana?
About $147,000 with 20% down at 7.11%, keeping the payment (with Louisiana's 0.55% property tax and insurance) under $933 a month.
Is $40,000 enough to buy a house in Louisiana?
Not the typical home: the typical Louisiana home is worth $213,867 (Zillow, September 2026) and $40,000 supports about $147,000. 22 of 64 counties are within budget.