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City · 9,232 residents · Morehouse Parish, Louisiana

Bastrop , Louisiana

In Bastrop, a typical home is worth $87,800 and typical rent is $839 a month. Compared with all of Morehouse Parish, the typical home value is 26% lower, typical household income is 17% lower, and the share of households that own their home is 16 points lower.

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  • Typical home value

    $87,800

    26% below the parish

    59% below Louisiana

    • Bastrop
    • Morehouse
    • Louisiana

  • Typical rent

    $839a month

    About the same as the parish

    21% below Louisiana

    • Bastrop
    • Morehouse
    • Louisiana

  • Typical household income

    $32,605a year

    17% below the parish

    46% below Louisiana

    • Bastrop
    • Morehouse
    • Louisiana

  • Households that own their home

    52%

    16 points below the parish

    15 points below Louisiana

    • Bastrop
    • Morehouse
    • Louisiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$93,862
7.6% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Bastrop is in Morehouse Parish. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Morehouse Parish. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Bastrop apart

What this place has that others do not, from public data, most unusual first.

  1. Bastrop has the 2nd lowest typical home value of the 96 cities in Louisiana with more than 5,000 people ($87,800).

  2. 52% of households in Bastrop own their home, against 69% in Morehouse Parish.

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Bastrop rose 7.6%; in Louisiana, it rose 2.1%.

  4. Nearby, in Tallulah, the typical rent is $650: 23% less than in Bastrop ($839).

  5. Bastrop has the 6th lowest typical household income of the 94 cities in Louisiana with more than 5,000 people ($32,605).

  6. 22% of households in Bastrop have no internet at home (17% in Morehouse Parish).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Bastrop

What homes there are in Bastrop, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Bastrop: 79% of homes, more than in Morehouse Parish (76%).

Year built

In Bastrop, half of the homes were built before 1973; in Morehouse Parish, before 1977.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,174 a month

Morehouse Parish: $1,262 a month

Without a mortgage

$389 a month

Morehouse Parish: $390 a month

Owners with a mortgage

37%

Morehouse Parish: 38%

The typical cost for an owner with a mortgage in Bastrop is $1,174 a month, less than in Morehouse Parish ($1,262); without one, $389.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Bastrop did not change clearly: the difference is within the Census margin of error.

Much as in Morehouse Parish, the typical rent in Bastrop rose 50% since 2015–2019.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBastropMorehouse ParishLouisianaUnited States
Rental vacancy Unreliable estimateUnreliable estimate7.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room Unreliable estimate3.5%2.3%3.4%
People per household 2.562.432.492.53
Drive alone 79%85%79%69%
Carpool 7%7%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate4%8%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Bastrop are bigger: 2.56 people on average; in Morehouse Parish, 2.43.

To get to work, 79% of workers in Bastrop drive alone; in Morehouse Parish, 85%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Bastrop?

A typical home is within reach of the typical income

We start with a typical home in Bastrop, worth $87,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Bastrop, which is $32,605 a year.

The calculator's FHA and conventional loan limits are those of all of Morehouse Parish.

Your numbers

Local data
$

Starts at the typical home value in Bastrop. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,073 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$689

at 7.18% · 30 years

Loan amount
$86,210
Total interest
$124,036
Paid off in
November 2056

Includes $1,483 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $761 a month

    Your payment · 25%

  • Tight

    $761 to $978 a month

  • Hard

    more than $978 a month

Compared with the typical household income in Bastrop ($32,605 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$689
Principal & interest$584
Property tax$30
Home insurance$37
FHA mortgage insurance (MIP)$39

You need at least $3,073 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Bastrop and Morehouse Parish

Bastrop is in Morehouse Parish, Louisiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Bastrop's own numbers

Typical home value
$87,800
Typical monthly rent
$839
Typical yearly household income
$32,605
Households that own their home
52%
Effective property tax rate
0.41%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Morehouse Parish

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$892
Price change over 5 years (FHFA)
+8%
Homes in a high flood-risk zone
3.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Morehouse Parish.

Everything about Morehouse Parish

Buying

Buying a home in Bastrop

A typical home in Bastrop is worth $87,800: 26% below the parish and 59% below Louisiana. With the typical household income in Bastrop ($32,605 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Bastrop 2.7 years
  • Morehouse 3.0 years
  • Louisiana 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Morehouse Parish

According to FHFA’s house price index, home prices in Morehouse Parish rose 9% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Morehouse Parish.

Period Parish Louisiana U.S.
Last year (2025) −2.4% +1.8% +2.9%
5 years (2020–2025) +8% +22% +47%
10 years (2015–2025) +9% +38% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Bastrop next to Morehouse Parish, Louisiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Bastrop $87,800
  • Morehouse $118,800
  • Louisiana $216,500
  • United States $332,700
Typical monthly rent
  • Bastrop $839
  • Morehouse $839
  • Louisiana $1,064
  • United States $1,413
Typical yearly household income
  • Bastrop $32,605
  • Morehouse $39,454
  • Louisiana $60,756
  • United States $80,734
See the full table
Bastrop next to Morehouse Parish and Louisiana
Measure Bastrop Morehouse Parish Louisiana U.S.
Typical home value $87,800 $118,800 $216,500 $332,700
Typical monthly rent $839 $839 $1,064 $1,413
Typical yearly household income $32,605 $39,454 $60,756 $80,734
Households that own their home 52% 69% 67% 65%
Typical yearly property tax $363 $530 $1,180 $3,119
Effective property tax rate 0.41% 0.45% 0.55% 0.94%
Renters with high rent for their income 62% 59% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Morehouse Parish. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Bastrop

For a typical $87,800 home in Bastrop, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Bastrop's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $689a month

    Least cash to close
    Down payment
    $3,073
    Cash to close
    $5,707
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $39

  • Conventional, 5% down $673a month

    Down payment
    $4,390
    Cash to close
    $7,024
    Rate
    7.18%
    Mortgage insurance
    PMI · $42

  • Conventional, 20% down, no PMI $542a month

    Down payment
    $17,560
    Cash to close
    $20,194
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $624a month

    Down payment
    $13,170
    Cash to close
    $15,804
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Bastrop and for Morehouse Parish.

Property tax

Effective rate in Bastrop

0.41%of the home’s value each year

$363 a year for the typical owner in Bastrop.

  • Bastrop 0.41%
  • Morehouse 0.45%
  • Louisiana 0.55%

What Louisiana publishes Homestead exemption: $7,500 of assessed value (Louisiana State Legislature (Louisiana Constitution))

Exemptions and deadlines in Louisiana

Flood risk in Morehouse Parish

FEMA does not publish these numbers by city: they are for all of Morehouse Parish.

Homes in the high-risk zone
3.6%
414
Of those, with NFIP insurance
14%
Parish Louisiana U.S.
Homes in the high-risk zone 3.6% 15% 3.5%
Of those, with NFIP insurance 14% 73% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Bastrop

Typical rent in Bastrop is $839 a month: about the same as the parish. In Bastrop, 62% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Morehouse Parish, by unit size. To pay the 2-bedroom one ($892 a month) without spending more than 30% of your income, you would need to earn $17.15 an hour working full time.

HUD fair market rent for all of Morehouse Parish

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $705 $13.56 $28,200
1 bedroom $710 $13.65 $28,400
2 bedrooms $892 $17.15 $35,680
3 bedrooms $1,175 $22.60 $47,000
4 bedrooms $1,180 $22.69 $47,200

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Bastrop

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Bastrop is in ZIP code 71220.

For 2 bedrooms it is $900: $8 more than the fair market rent for Morehouse Parish ($892).

  • 71220 $900$1,190

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Bastrop when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Bastrop

HUD lists 15 buildings with rents for lower incomes in Bastrop. These are the largest.

  • Bond House Senior Apartments 720 Brisco Ave, Bastrop 71220 75 low-income homes · 1 bd: 69 · 2 bd: 6 · For older adults (318) 281-8795
  • Morehouse Gardens II 601 Pleasant Dr, Bastrop 71220 40 low-income homes · 1 bd: 2 · 2 bd: 2 · For older adults (318) 281-6029
  • Town East 1604 Cooper Lake Rd, Bastrop 71220 40 low-income homes · For families (318) 281-7585
  • Hillview Homes 490 Meredith St, Bastrop 71220 38 low-income homes · 3 bd: 1 · In service since 2013
  • Casa II Apts 1905 Joyce Ave, Bastrop 71220 32 low-income homes · 1 bd: 2 · In service since 1998

See all 17 buildings in Morehouse Parish Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Bastrop

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Morehouse Parish. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Bastrop

No down payment, repair or rent-help program on our list is for Bastrop or Morehouse Parish. The ones below are statewide in Louisiana: they work in Bastrop the same as in the rest of the state.

Which programs do I qualify for? All programs in Louisiana

  • HomeStart Assist

    Statewide in Louisiana

    Louisiana state corporation 30-year mortgage for first-time buyers with 4% of the loan in assistance, as a 0% second mortgage forgiven after 60 months. Offered by Louisiana Housing Corporation (LHC).

    Forgivable

    See the program Official page

  • HomeStart Advantage

    Statewide in Louisiana

    Louisiana state corporation 30-year mortgage with 4% of the loan in assistance, as a 0% second mortgage forgiven after 60 months; you do not need to be a first-time buyer, but you cannot own another home at closing. Offered by Louisiana Housing Corporation (LHC).

    Forgivable

    See the program Official page

Housing counselors near Bastrop

The HUD-approved agencies closest to the center of Bastrop, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Mount Pleasant Community Development Corp. Inc

    105 Bernice Drive, Monroe · 22 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (318) 323-3632

  • Rapides Station Community Ministries

    1429 3rd St, Alexandria · 106 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (318) 487-9254

  • The Highland Center Corporation

    520 Olive St, Shreveport · 108 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 4 more
    (318) 673-8440

All counseling agencies in Louisiana

Help in Spanish near Bastrop

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Bastrop

HUD’s record names them for Bastrop or Morehouse Parish. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Louisiana Source: HUD

Cities

Nearby cities

The cities closest to Bastrop, with the typical home value.

Everything about Morehouse Parish Housing in Louisiana

Neighboring counties

If Morehouse Parish is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Bastrop.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Bastrop

Short answers with the numbers for Bastrop and all of Morehouse Parish. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Bastrop?

The typical home value in Bastrop is $87,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Morehouse Parish it is $118,800.

How much does it cost to rent in Bastrop?

Typical rent in Bastrop is $839 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Morehouse Parish is $892.

What is the FHA loan limit in Bastrop?

Bastrop uses the FHA limit for all of Morehouse Parish (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Bastrop?

The typical homeowner in Bastrop pays $363 a year, according to the U.S. Census Bureau. That is 0.41% of the home’s value; in Morehouse Parish, the rate is 0.45%.

Where can I find free help to buy or rent in Bastrop?

We found no HUD-approved counseling agencies with an office in Morehouse Parish; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).