Mortgage Calculator & Closing Costs: Shreveport, LA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Shreveport, Louisiana.
Median Home Price
$155K
Population
188K
Avg Monthly Rent
$880
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 Shreveport.
Shreveport vs Louisiana Median
The median home price in Shreveport is $155,000, which is 21% below the Louisiana state median of $195,000.
Mortgage Calculator — Shreveport, LA
Pre-filled with Shreveport 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 Shreveport
Rent
$880/mo
vs
Buy (10% down)
$1,326/mo
Price-to-rent ratio: 14.7 — With a ratio under 15, buying in Shreveport is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $446 more than renting, but you build equity with every payment.
The median home price in Shreveport is $155,000, 21% below the Louisiana state median of $195,000. With a population of 187,593, Shreveport is a mid-size city 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 Shreveport 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 Shreveport is $880/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Shreveport over the long term.
Shreveport 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 Shreveport.