Rent vs. Buy in St. Mary Parish, LA
Should you rent or buy in St. Mary Parish? Here are the numbers.
Median Home Price
$128,000
Median Rent
$829/mo
Price-to-Rent Ratio
12.9x
Homeownership Rate
69.5%
Monthly Cost Comparison
Buying (20% down, 6.5% rate)
Renting
In St. Mary Parish, buying is approximately $97/mo cheaper than renting (before equity buildup and tax benefits).
About St. Mary Parish, Louisiana
St. Mary Parish in Louisiana has a median household income of $47,322 and an effective property tax rate of 0.4%. With a price-to-rent ratio of 12.9x, buying is likely more cost-effective for long-term residents.
These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.
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