Calculate using real Shreveport data. Median home price: $150,000. Property tax rate: 0.54%.
With the median household income of $37,810 in Shreveport, LA, following the 28% rule, you could afford a monthly payment of about $882.
The cost of living index in Shreveport, LA is 80 (national average = 100). A home at the median price of $150,000 would require roughly 4x the median income.
A conventional 20% down payment on the median Shreveport, LA home ($150,000) would be $30,000. FHA loans may require as little as 3.5% ($5,250).