Mortgage Calculator & Closing Costs: Thibodaux, LA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Thibodaux, Louisiana.
Median Home Price
$195K
Population
14K
Avg Monthly Rent
$920
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 Thibodaux.
Thibodaux vs Louisiana Median
The median home price in Thibodaux is $195,000, which is roughly in line with the Louisiana state median of $195,000.
Mortgage Calculator — Thibodaux, LA
Pre-filled with Thibodaux median home price and Louisiana tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $195K home using Louisiana's 0.55% tax rate and $3,500/yr insurance.
5% Down
$1,660/mo
Down: $9,750
Loan: $185K
P&I: $1,171
Tax: $89
Insurance: $292
PMI: $108
10% Down
$1,593/mo
Down: $19,500
Loan: $176K
P&I: $1,109
Tax: $89
Insurance: $292
PMI: $102
20% Down (No PMI)
$1,367/mo
Down: $39,000
Loan: $156K
P&I: $986
Tax: $89
Insurance: $292
Income needed (28% rule): $59K/year with 20% down, $68K/year with 10% down.
Rent vs Buy in Thibodaux
Rent
$920/mo
vs
Buy (10% down)
$1,593/mo
Price-to-rent ratio: 17.7 — A ratio between 15-20 means the rent vs buy decision in Thibodaux 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 Thibodaux is $195,000, roughly in line with the Louisiana state median of $195,000. With a population of 14,431, Thibodaux is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Louisiana average 0.55% annually. This low property tax rate is a significant advantage for Thibodaux 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 Thibodaux is $920/month. The price-to-rent ratio in Thibodaux is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Thibodaux 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 Thibodaux.