Home Affordability in Shreveport, LA
The median home price in Shreveport is $145,000 with a median household income of $37,780. Housing is moderately affordable relative to local incomes.
Median Home Price
$145,000
Median Income
$37,780
Price-to-Income Ratio
3.8x
Est. Affordable Home
$147,000
Property Tax Rate
0.53%
Annual Property Tax
$769
Sales Tax Rate
9.65%
Cost of Living Index
82
Buying a Home in Shreveport
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $37,780 in Shreveport can afford a monthly housing payment of approximately $882. This translates to a home price of roughly $147,000, which is at or above the median home price — the typical home is within reach for a median-income household.
Property taxes on a median-priced home in Shreveport would be approximately $769 per year ($64/month) at the effective rate of 0.53%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $4,350 | $140,650 | Yes |
| 5% | $7,250 | $137,750 | Yes |
| 10% | $14,500 | $130,500 | Yes |
| 20% | $29,000 | $116,000 | No |
Use Our Home Affordability Calculator
Get a personalized estimate based on your income, debts, down payment, and credit score.
Calculate Now