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Alexandria, LA mortgage & affordability calculator

The typical home in Alexandria, LA is worth about $180,000. With 20% down that's a loan near $144,000 — the calculator is pre-filled with that figure. Alexandria sits near the geographic center of Louisiana and serves as the main commercial hub for the region around Fort Johnson (the Army post formerly known as Fort Polk). Home prices remain low even by Louisiana standards, though the state's hurricane and flood exposure keeps homeowners insurance well above the national average even this far inland.

$934.94 / month

Total interest
$192,577
Total paid
$336,577
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$36k$72k$108k$144k0612182430Year

How much you need to earn

Alexandria, LA's median household income is about $50,000 a year. Under standard 28/36 lending rules that supports a home price around $155,366 with 20% down — below the $180,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$155,329 max home price

Max loan amount
$119,329
Housing payment budget
$1,167
P&I budget
$775
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Alexandria, LA is about $950 a month, so owning the median home costs roughly $377 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Alexandria, LA?
On the metro's roughly $180,000 typical home with 20% down, the loan is about $144,000. Principal and interest run near $935 a month at today's rate, and Alexandria, LA's property tax plus insurance add about $392, for a full payment near $1,327.
Can I afford a home in Alexandria, LA on the median income?
The median household income is about $50,000 a year. Under standard 28/36 lending rules that supports a home price around $155,366 with 20% down — below the $180,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Alexandria, LA?
Typical asking rent is about $950 a month. The full owner payment on a median home is near $1,327, so owning costs roughly $377 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Alexandria, LA?
The effective property tax rate in the core county is about 0.50% of market value — roughly $900 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Alexandria, LA rising or falling?
Home values are up about 2% over the past year. Alexandria sits near the geographic center of Louisiana and serves as the main commercial hub for the region around Fort Johnson (the Army post formerly known as Fort Polk). Home prices remain low even by Louisiana standards, though the state's hurricane and flood exposure keeps homeowners insurance well above the national average even this far inland.

Nearby metros

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