Port Allen, LA Real Estate & Homes For Sale

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Port Allen Real Estate Market Facts

$124,000Median home price
16% lower than Louisiana
$751Median rent asked
6% lower than Louisiana
63.9%Home owners
2% lower than Louisiana
2.2People per home
14% lower than Louisiana

The above shows an overview of the real estate market in Port Allen, LA. Note how the median home price for Port Allen, LA runs $124,000, which is 16% lower than the average property price for Louisiana. So you’re going to get real estate in Port Allen, LA that is on-average more affordable than what you’ll find in the rest of Louisiana. As for rent, the median for Port Allen, LA runs $751, which is comparatively 6% lower than the average rent for Louisiana. For Port Allen, LA, about 63.9% of the population consist of home owners with about 2.2 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Port Allen, LA offers a wide variety of real estate. To find your perfect home in Port Allen, LA, filter your choice by price, location, and number of beds and baths using the search area above.

Port Allen Home Affordability

$124,000Median home price
16% lower than Louisiana
$36,715Median home income
20% lower than Louisiana
3.4xHome price to income ratio
4% higher than Louisiana

When deciding where to purchase Port Allen, LA real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Port Allen, LA the median home price is $124,000 and $36,715 is the median household income. As a result, the home price to income ratio in Port Allen, LA is 3.4x, which is 4% higher than the Louisiana average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Port Allen, LA the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Port Allen, LA.

Port Allen Affordability Calculator

You can afford a home up to:

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Monthly income breakdown

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Monthly payment
Debt payment
Income taxes
Remainder

When looking for real estate in Port Allen, LA, finding one that won't strain your budget is imperative. That's when the home affordability calculator comes in handy. It allows you to calculate the cost of a property in Port Allen, LA, not only by considering your income, but debts and down payment amounts as well. You can personalize the home affordability calculator even further by adding in additional factors like length of mortgage term, property taxes, home insurance costs, mortgage rate, and HOA dues. The calculator will come up with an estimated cost of home ownership and display an amount that would fit within your budget. Knowing this figure will help you find a home that you can afford in Port Allen, LA and keep you from looking at places that are out of financial reach. Therefore, you can avoid disappointment and emotional attachment to homes you would not be able to afford. Additionally, this tool allows you to balance your budget because it also calculates the amount of money left over for savings and other expenses.

Port Allen Mortgage Calculator

Your monthly payment will be:

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Mortgage
PMI fees
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Home insurance
HOA dues

If I buy a real estate in Port Allen, LA, what can I expect to pay monthly? There are a number of different factors that will go in to determining your monthly cost. While most people understand how significant the overall price of the house goes into determining the payment amount, it's also important to know that there are a variety of other variables to consider. These include things such as property taxes, private mortgage insurance (PMI), home owner's association dues, interest rate, and how much of a down payment has been made on the house. Understanding these is a great way to reduce overall payment. For example, you can reduce the private mortgage insurance by making a down payment of 20%. The mortgage calculator above will have all of these variables already filled out with default data, but you can customize it to give you a much more accurate reading. Generally speaking, you want to keep your debt to income ratio at about 36% when calculating your monthly house payment, which means paying no more than 36% of your monthly salary towards your housing and other debts.

Port Allen Demographics

5,123Population
1,807People / sq mile
44.9Median age
0.8:1Male/Female ratio

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Crescent, LA	532	$58,200	68%
Rosedale, LA	925	$93,000	50%
Grosse Tete, LA	694	$98,300	47%
Merrydale, LA	8,884	$111,900	39%
Baker, LA	13,754	$120,800	35%
Port Allen, LA	5,123	$124,000	33%

Cities with similar population

City, State	Population	Home Price	National Avg.
Avondale, LA	5,123	$96,500	48%
Three Points, AZ	5,124	$87,000	53%
Chestertown, MD	5,122	$213,100	15%
Glencoe, AL	5,122	$117,100	37%
Flanders, NY	5,125	$300,300	63%
Port Allen, LA	5,123	$124,000	33%

Source: The Port Allen, LA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).