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Caddo Parish, LA

Rent vs Own in Caddo Parish, Louisiana

Owning the median home in Caddo Parish clears the monthly bar: about $1,030/mo versus HUD's $1,111/mo 2-bedroom rent. The stack below shows which line items create that edge. Owner-occupied homes: 57,659.

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Buying is cheaper in Caddo Parish

Owning runs about $1,030/mo here, under $1,111/mo to rent a comparable 2-bedroom. That is a $81/mo difference.

Based on 20% down, 6.5% rate, 30-year mortgage. Adjust below.

What This Data Tells Us About Renting vs Owning in Caddo Parish

Primary driver

HUD moved the rent benchmark up

HUD raised its 2-bedroom Fair Market Rent for Caddo Parish from $1,017/mo in FY2025 to $1,111/mo in FY2026: it increased by $94/mo (+9.2%). A rising rent benchmark widens the gap in favour of owning over time, because the mortgage share of the ownership cost below is fixed at origination while the rent it is compared against reprices every year.

Decision signal 2

Price and income sit in the middle band

Median household income is $50,705, for a 3.5x home-price-to-income ratio in the middle of the national distribution; property tax takes 2.1% of that income. Small changes in down payment or rate move this county across the rent-vs-own line more than they would in a high-ratio market.

Decision signal 3

Owning clears the monthly bar here

Caddo Parish's median home ($175,700) carries $1,085/yr in property tax at 0.62%. Under a 20% down, 6.5%, 30-year stack the all-in ownership bill is about $1,030/mo, which undercuts HUD's $1,111/mo 2-bedroom Fair Market Rent by roughly $81/mo before maintenance, HOA, or closing costs.

Decision signal 4

The county sits near the state middle

Using the assumptions above, Caddo Parish ranks 33 of 64 Louisiana counties for buy-vs-rent value (rank 1 = the best relative deal for buying). It sits ahead of 31 other Louisiana counties on this measure.

Methodology & disclaimer

This calculator is for informational purposes only and is not tax, legal, or financial advice. Property tax figures come from the U.S. Census Bureau ACS 5-Year Estimates and rent figures come from HUD Fair Market Rents; both describe area medians, not individual transactions. Insurance is estimated at 0.35% of home value annually and closing costs, maintenance, HOA, and PMI are not included. Consult a licensed mortgage, tax, or real-estate professional before making a buy-or-rent decision based on these numbers.

Monthly Cost Breakdown

Estimated Monthly Ownership
$1,030
Mortgage (P&I) $888
Property Tax $90
Insurance (est.) $51
Monthly Rent (2-BR FMR)
$1,111
Studio$870
1-Bedroom$982
2-Bedroom$1,111
3-Bedroom$1,458
4-Bedroom$1,552

Adjust Your Scenario

Affordability Context

Median Household Income
$50,705
$4,225/mo
Home Price / Income
3.5x
Moderate (3-5x)
Tax-to-Income Ratio
2.1%
National benchmark: 2-4%

Who actually pays it here

In Caddo Parish, once the mortgage ends staying put is close to free: the largest cluster of debt-free households faces a yearly charge under $800, so insurance and upkeep, not the tax office, set what the home costs to keep.

Unusually for Caddo Parish, returns above $200,000 form the single largest block claiming it, a concentration only a minority of US counties show and a marker of high property values.

Against that holding-cost profile, the monthly ownership stack already undercuts HUD rent here, so the long-run tax bill is an ownership feature more than a reason to keep renting.

Bill bands are Census ACS counts of owner-occupied homes without a mortgage. Income brackets are IRS Statistics of Income county data for tax year 2022, counted over FILERS reporting real-estate taxes on Schedule A, which is a smaller group than homeowners: most filers take the standard deduction.

Nearby Counties

Jefferson Parish
Home: $251,400 Tax: $1,312/yr
East Baton Rouge Parish
Home: $248,800 Tax: $1,656/yr
St. Tammany Parish
Home: $284,000 Tax: $2,028/yr
Orleans Parish
Home: $315,700 Tax: $2,606/yr
Lafayette Parish
Home: $242,900 Tax: $1,380/yr
Calcasieu Parish
Home: $217,000 Tax: $968/yr

Frequently Asked Questions

Is it cheaper to rent or buy in Caddo Parish, Louisiana? ▼
On the standard 20%-down / 6.5% stack, owning the median Caddo Parish home undercuts HUD's 2-bedroom rent by about $81/mo. Change the down payment, rate, or time horizon in the calculator and that gap can flip - owning also builds equity that rent never does.
What is the average rent in Caddo Parish? ▼
HUD prices a 2-bedroom unit at $1,111/mo here. Sizing up matters: going from a studio to a 4-bedroom adds about $682/mo, so the per-bedroom jump is worth checking against your actual space needs before assuming the 2-BR figure applies to your situation.
How much house can you afford in Caddo Parish? ▼
On the common 3x-income guideline, a $50,705 household here can afford up to $152,115 -- about $23,585 short of this county's $175,700 median home. That gap is typically closed with a larger down payment, dual incomes, or a longer search outside the median price band.
Is rent going up or down in Caddo Parish? ▼
HUD's 2-bedroom Fair Market Rent figure has risen 9.2% between the FY2025 and FY2026 publications, the two most recent years tracked here.
What is the median home price in Caddo Parish? ▼
$175,700, per the Census Bureau's ACS 5-Year Estimates. The property tax on that value works out to roughly 0.62% a year, in line with typical rates for the area.
How does Caddo Parish compare to other Louisiana counties for renting vs buying? ▼
Out of 64 Louisiana counties ranked here on buy-vs-rent value, Caddo Parish lands at spot 33, roughly in the middle of the pack statewide. The <a href="/states/louisiana">Louisiana state page</a> lists every peer county's tax bill beside this one.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from the U.S. Census Bureau (American Community Survey). See our methodology for details. Retrieved and formatted by PlainPropertyTax

Source: U.S. Census Bureau, Government Finances State and local property tax revenue by jurisdiction · 2025

Verify with HUD →