Rent vs. Buy in Union Parish, LA
Should you rent or buy in Union Parish? Here are the numbers.
Median Home Price
$117,300
Median Rent
$698/mo
Price-to-Rent Ratio
14x
Homeownership Rate
77.4%
Monthly Cost Comparison
Buying (20% down, 6.5% rate)
Renting
In Union Parish, buying is approximately $32/mo cheaper than renting (before equity buildup and tax benefits).
About Union Parish, Louisiana
Union Parish in Louisiana has a median household income of $47,068 and an effective property tax rate of 0.4%. With a price-to-rent ratio of 14x, 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.
Run Your Personalized Analysis for Union Parish
Enter your specific numbers — home price, rent, income, down payment — and get a Monte Carlo simulation with 10,000 scenarios, NPV breakeven analysis, and tax-adjusted comparison.
Start Free Analysis →