Madison Parish, Louisiana home prices
Typical home $80,150 · -14.5% in a year · property tax 0.33%
The typical home in Madison Parish is worth $80,150, 63% less than the Louisiana typical home ($213,867). Values changed -14.5% in the past year and — over five years. Homeowners here pay a median 0.33% of their home's value in property tax each year ($261 on the typical home), versus 0.55% statewide.
Mortgage on the typical Madison Parish home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $16,030 | $64,120 | $431 | $0 | $62 | $493 | $21,100 |
| 10% down | $8,015 | $72,135 | $485 | $30 | $62 | $577 | $24,700 |
| 5% down | $4,007 | $76,142 | $512 | $32 | $62 | $606 | $26,000 |
| 3.5% down (FHA) | $2,805 | $78,698 | $529 | $35 | $62 | $627 | $26,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.33% 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.
What it takes: see what you can afford by salary in Louisiana.
Louisiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Claiborne Parish | $95,550 | -21.5% | 0.43% |
| Morehouse Parish | $97,826 | +7.0% | 0.45% |
| East Carroll Parish | $59,633 | -6.8% | 0.28% |
| Bienville Parish | $103,201 | -6.8% | 0.3% |
| Evangeline Parish | $103,484 | -0.1% | 0.29% |
| Webster Parish | $112,367 | -3.2% | 0.36% |
| Winn Parish | $113,751 | +0.2% | 0.3% |
| Allen Parish | $116,112 | -5.0% | 0.26% |
| Concordia Parish | $118,343 | +9.6% | 0.37% |
| Catahoula Parish | $119,514 | +14.8% | 0.32% |
Frequently asked questions
What is the average home price in Madison Parish, LA?
The typical home value in Madison Parish is $80,150 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Madison Parish?
About $21,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Madison Parish?
The median effective rate is 0.33% of home value a year (Census ACS 2024 5-year estimates).