Mortgage Calculator & Closing Costs: Alexandria, LA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Alexandria, Louisiana.
Median Home Price
$155K
Population
47K
Avg Monthly Rent
$850
Property Tax Rate
0.55% *
* Property tax shown is the Louisiana state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Alexandria.
Alexandria vs Louisiana Median
The median home price in Alexandria is $155,000, which is 21% below the Louisiana state median of $195,000.
Mortgage Calculator — Alexandria, LA
Pre-filled with Alexandria median home price and Louisiana tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using Louisiana's 0.55% tax rate and $3,500/yr insurance.
5% Down
$1,379/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $71
Insurance: $292
PMI: $86
10% Down
$1,326/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $71
Insurance: $292
PMI: $81
20% Down (No PMI)
$1,146/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $71
Insurance: $292
Income needed (28% rule): $49K/year with 20% down, $57K/year with 10% down.
Rent vs Buy in Alexandria
Rent
$850/mo
vs
Buy (10% down)
$1,326/mo
Price-to-rent ratio: 15.2 — A ratio between 15-20 means the rent vs buy decision in Alexandria depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Alexandria is $155,000, 21% below the Louisiana state median of $195,000. With a population of 46,545, Alexandria is a smaller market where home prices tend to be more accessible than in many parts of Louisiana.
Property taxes in Louisiana average 0.55% annually. This low property tax rate is a significant advantage for Alexandria buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Louisiana runs approximately $3,500 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Alexandria is $850/month. The price-to-rent ratio in Alexandria is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Alexandria offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Louisiana's LHC Mortgage Revenue Bond program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Alexandria.