Mortgage payment estimates, closing cost breakdowns, and homebuying data for Thibodaux, Louisiana.
Pre-filled with Thibodaux median home price and Louisiana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Louisiana rates and fees applied to Thibodaux prices.
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.