Is It Worth Buying a Home in Shreveport, LA?
The decision to rent or buy in Shreveport, Louisiana depends on how long you plan to stay, your down payment, and current mortgage rates. With a median home price of $175,000 and median monthly rent of $1,150, the math plays out differently depending on your personal situation.
Shreveport has an average property tax rate of 0.56% annually, which adds approximately $82/month to the cost of homeownership on a median-priced home.
Historically, home values in Shreveport have appreciated at roughly 1.8% per year, which works in favor of buyers who plan to stay long-term. Use the calculator above to find your personal break-even point.
Key Factors for Shreveport Buyers
- Down payment of 20% on a median home = $35,000
- Monthly mortgage (30yr at 6.99%) ≈ $930/mo
- Property tax ≈ $82/mo
- Estimated maintenance ≈ $146/mo