Terrebonne Parish, Louisiana home prices
Typical home $179,856 · -4.0% in a year · property tax 0.45%
The typical home in Terrebonne Parish is worth $179,856, 16% less than the Louisiana typical home ($213,867). Values changed -4.0% in the past year and -11.1% over five years. Homeowners here pay a median 0.45% of their home's value in property tax each year ($803 on the typical home), versus 0.55% statewide.
Mortgage on the typical Terrebonne Parish home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,971 | $143,885 | $968 | $0 | $157 | $1,125 | $48,200 |
| 10% down | $17,986 | $161,870 | $1,089 | $67 | $157 | $1,313 | $56,300 |
| 5% down | $8,993 | $170,863 | $1,149 | $71 | $157 | $1,377 | $59,000 |
| 3.5% down (FHA) | $6,295 | $176,598 | $1,188 | $80 | $157 | $1,424 | $61,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.45% 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 · part of the Houma metro area.
Louisiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Assumption Parish | $178,799 | +2.5% | 0.37% |
| Natchitoches Parish | $178,522 | +2.3% | 0.44% |
| Ouachita Parish | $181,215 | +2.6% | 0.54% |
| Lafourche Parish | $182,170 | -0.6% | 0.54% |
| Iberville Parish | $177,393 | +3.2% | 0.32% |
| Rapides Parish | $172,462 | +3.9% | 0.55% |
| Saint Martin Parish | $170,804 | +2.9% | 0.44% |
| Pointe Coupee Parish | $189,242 | +0.7% | 0.32% |
| Richland Parish | $170,371 | +4.9% | 0.28% |
| Sabine Parish | $191,365 | -0.3% | 0.39% |
Frequently asked questions
What is the average home price in Terrebonne Parish, LA?
The typical home value in Terrebonne Parish is $179,856 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Terrebonne Parish?
About $48,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Terrebonne Parish?
The median effective rate is 0.45% of home value a year (Census ACS 2024 5-year estimates).