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    • Between $18,806 and $60,313

      • The average home buyer in Louisiana spends between $18,806 and $60,313 when purchasing a $198,951 home — the state median value.
      listwithclever.com/cost-to-buy-house-louisiana/
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  2. The average home value in Louisiana is $198,951, down 2.0% over the past year. Learn more about the Louisiana housing market and real estate trends.

  3. HOA fees are common within condos and some single-family home neighborhoods. Co-ops also have monthly fees (Common Charges and Maintenance Fees), which may also include real estate taxes and a portion of the building's underlying mortgage.

  4. Louisiana Housing Market Overview. What is the housing market like right now? In August 2024, home prices in Louisiana were up 3.1% compared to last year, selling for a median price of $251,500.

    • Average Closing Costs in Louisiana
    • Does The Buyer Or Seller Pay Closing Costs in Louisiana?
    • Ongoing Costs of Homeownership in Louisiana
    • Top Ways to Save Money When Buying A House in Louisiana
    • Methodology

    Buyer closing costs in Louisiana

    While the other costs to buy a house in Louisiana are pretty transparent, Louisiana closing costs are a bit more nuanced. They're actually a series of smaller costs lumped together into one total. Here's a breakdown of all of the Louisiana closing costsyou'll likely pay when buying a home.

    The seller typically pays the bulk of the closing costs in Louisiana. The seller is responsible for costs like title insurance, real estate transfer tax, and recording fees. The seller also pays their listing agent. 1. Traditionally, the seller set the fee they were willing to pay a buyer's agent. 2. In August 2024, a lawsuit against the National A...

    Unfortunately, the cost to buy a house is just the beginning. After closing, you'll officially own the home and begin paying for the ongoing costs of homeownership. Besides the expenses outlined above, you'll also want to consider private mortgage insurance (PMI) and homeowner's association (HOA) fees. 1. If you pay less than 20% as a down payment ...

    1. Look into better financing options

    Paying off debts and getting your credit in the best shape possible before applying for a loan will help you get a better interest rate, which will lower your monthly payments for the life of the loan. You can also shop around to compare lenders so you get the lowest fees and interest rates available. It may be a good idea to enlist the help of a mortgage broker if you're not sure how to go about vetting lenders.

    2. Participate in home buyer programs in Louisiana

    Louisiana has a few programs available to make homeownership more affordable. For instance, the Louisiana Housing Corporation offers four programs depending on your need and eligibility: the MRB Home, MRB Assisted, RSS, and MCC. The USDA Rural Housing programis also an option for those buying or renting in select rural areas in the state. There are also several local programs dependent on the area or parish you’re buying in — HUDlists several options on its website. » MORE: First-time home bu...

    3. Partner with an expert agent

    Having an expert agent on your side can ensure you win the negotiating battle with the seller. Clever can help match you with a knowledgeable, hyper-local agent that knows the ins and outs of how to save you money on your local fees. And best of all, our service is totally free!

    The Clever team of researchers gathered data for property taxes, transfer taxes, and recording fees using publicly available information. We found average costs for attorney fees, title insurance, and other services by requesting quotes from local providers. Home values are based onZillowdata as of July 2024.

    • $147
    • $1,065
    • $165
    • Varies but averages $91 statewide
  5. Sep 22, 2021 · According to estimates from Zillow, a Seattle-based real estate data company, the value of a typical single-family home in Louisiana is $193,114, lower than the national average.

  6. Feb 7, 2024 · Average Home Prices: The average median home price in Louisiana is $242,500, down by 0.78% YoY. In 2024, the median sale price will increase shortly due to LA’s tight inventory.

  7. Louisiana has an affordability score of 5, meaning it takes 5 years of the median household income ($50,800) to afford Louisiana's median home sale price ($253,000). Because of this, we rank Louisiana as the 12th most affordable state for buyers based strictly on prices compared to income. Resources for Louisiana home buyers.

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