Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ruston, Louisiana.
Pre-filled with Ruston median home price and Louisiana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Louisiana rates and fees applied to Ruston prices.
The median home price in Ruston is $175,000, 10% below the Louisiana state median of $195,000. With a population of 22,188, Ruston 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 Ruston 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 Ruston is $880/month. The price-to-rent ratio in Ruston is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Ruston 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.