New Orleans, LA variant. This is a New Orleans, LA-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
New Orleans's $270,000 median home and 0.55% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in New Orleans
On the $270,000 median home with 20% down ($54,000), you'd finance $216,000. At 6.5% over 30 years, P&I ≈ $1,365/month.
Add New Orleans's 0.55% property tax (≈ $124/month) plus insurance for the all-in payment.
About New Orleans, LA
New Orleans applies Louisiana state income tax along with notably high combined state and local sales taxes.
New Orleans offers moderate home prices for a major Southern city.
New Orleans is known for its tourism, port, and rich cultural economy, with a cost of living close to the national average.
Worked example: $270,000 New Orleans home
Loan $216,000 at 6.5% for 30 years → $1,365/mo P&I. Property tax ≈ $124/mo. Total before insurance ≈ $1,489/mo.
Quick reference
- Median home value: $270,000
- Median rent: $1,650/mo
- Median household income: $51,116
- Local sales tax: 9.45%
- Effective property tax rate: 0.55%
- Cost of living index: 96 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in New Orleans?
About $1,365/month P&I on the $270,000 median home with 20% down at 6.5%.
What is the property tax rate in New Orleans?
About 0.55% of home value per year.