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City · 5,969 residents · Madison Parish, Louisiana

Tallulah , Louisiana

In Tallulah, a typical home is worth $79,300 and typical rent is $650 a month. Compared with all of Madison Parish, the typical home value is 18% lower, typical household income is 6% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $79,300

    18% below the parish

    63% below Louisiana

    • Tallulah
    • Madison
    • Louisiana

  • Typical rent

    $650a month

    About the same as the parish

    39% below Louisiana

    • Tallulah
    • Madison
    • Louisiana

  • Typical household income

    $33,419a year

    6% below the parish

    45% below Louisiana

    • Tallulah
    • Madison
    • Louisiana

  • Households that own their home

    40%

    14 points below the parish

    28 points below Louisiana

    • Tallulah
    • Madison
    • Louisiana

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

Tallulah is in Madison 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 Madison Parish. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Tallulah apart

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

  1. Tallulah has the lowest typical home value of the 96 cities in Louisiana with more than 5,000 people: $79,300.

  2. Tallulah has the 3rd lowest typical rent of the 92 cities in Louisiana with more than 5,000 people ($650).

  3. Tallulah has the 4th lowest homeownership rate of the 96 cities in Louisiana with more than 5,000 people (40%).

  4. Tallulah has the 9th lowest typical household income of the 94 cities in Louisiana with more than 5,000 people ($33,419).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Tallulah

What homes there are in Tallulah, 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

As in Madison Parish, most homes in Tallulah are detached houses (76%).

Year built

In Tallulah, half of the homes were built before 1971; in Madison Parish, before 1975.

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

$1,036 a month

Madison Parish: $1,166 a month

Without a mortgage

$411 a month

Madison Parish: $425 a month

Owners with a mortgage

23%

Madison Parish: 28%

The typical cost for an owner with a mortgage in Tallulah is $1,036 a month, less than in Madison Parish ($1,166); without one, $411.

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

The typical home value in Tallulah stayed about the same since 2015–2019: the Census sees no clear change.

The typical rent in Tallulah stayed about the same over that time: the difference is within the Census margin of error.

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

MeasureTallulahMadison 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 estimateUnreliable estimate2.3%3.4%
People per household 2.792.712.492.53
Drive alone 85%84%79%69%
Carpool Unreliable estimate9%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate3%8%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

By size, households in Tallulah look like those in Madison Parish: 2.79 people on average.

In Tallulah, 85% of workers drive alone to work; in Madison Parish, 84%.

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 Tallulah?

A typical home is within reach of the typical income

We start with a typical home in Tallulah, worth $79,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 22% of the typical household income in Tallulah, which is $33,419 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Tallulah. 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 $2,776 (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

$612

at 7.18% · 30 years

Loan amount
$77,863
Total interest
$112,027
Paid off in
November 2056

Includes $1,339 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $780 a month

    Your payment · 22%

  • Tight

    $780 to $1,003 a month

  • Hard

    more than $1,003 a month

Compared with the typical household income in Tallulah ($33,419 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$612
Principal & interest$527
Property tax$17
Home insurance$33
FHA mortgage insurance (MIP)$35

You need at least $2,776 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

Tallulah and Madison Parish

Tallulah is in Madison 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).

Tallulah's own numbers

Typical home value
$79,300
Typical monthly rent
$650
Typical yearly household income
$33,419
Households that own their home
40%
Effective property tax rate
0.25%

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

Numbers for all of Madison Parish

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$892
Homes in a high flood-risk zone
15%

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 Madison Parish.

Everything about Madison Parish

Buying

Buying a home in Tallulah

A typical home in Tallulah is worth $79,300: 18% below the parish and 63% below Louisiana. With the typical household income in Tallulah ($33,419 a year), a typical home costs 2.4 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.

  • Tallulah 2.4 years
  • Madison 2.7 years
  • Louisiana 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Madison Parish

FHFA publishes no annual price index in Madison Parish. That usually happens when there are too few sales to measure it.

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

Period Parish Louisiana U.S.
Last year (2025) — +1.8% +2.9%
5 years (2020–2025) — +22% +47%
10 years (2015–2025) — +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

Tallulah next to Madison 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
  • Tallulah $79,300
  • Madison $96,200
  • Louisiana $216,500
  • United States $332,700
Typical monthly rent
  • Tallulah $650
  • Madison $649
  • Louisiana $1,064
  • United States $1,413
Typical yearly household income
  • Tallulah $33,419
  • Madison $35,456
  • Louisiana $60,756
  • United States $80,734
See the full table
Tallulah next to Madison Parish and Louisiana
Measure Tallulah Madison Parish Louisiana U.S.
Typical home value $79,300 $96,200 $216,500 $332,700
Typical monthly rent $650 $649 $1,064 $1,413
Typical yearly household income $33,419 $35,456 $60,756 $80,734
Households that own their home 40% 53% 67% 65%
Typical yearly property tax $199 $313 $1,180 $3,119
Effective property tax rate 0.25% 0.33% 0.55% 0.94%
Renters with high rent for their income 53% 56% 55% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Madison 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 Tallulah

For a typical $79,300 home in Tallulah, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Tallulah's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $612a month

    Least cash to close
    Down payment
    $2,776
    Cash to close
    $5,155
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $35

  • Conventional, 5% down $598a month

    Down payment
    $3,965
    Cash to close
    $6,344
    Rate
    7.18%
    Mortgage insurance
    PMI · $38

  • Conventional, 20% down, no PMI $479a month

    Down payment
    $15,860
    Cash to close
    $18,239
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $553a month

    Down payment
    $11,895
    Cash to close
    $14,274
    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 Tallulah and for Madison Parish.

Property tax

Effective rate in Tallulah

0.25%of the home’s value each year

$199 a year for the typical owner in Tallulah.

  • Tallulah 0.25%
  • Madison 0.33%
  • 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 Madison Parish

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

Homes in the high-risk zone
15%
535
Of those, with NFIP insurance
22%
Parish Louisiana U.S.
Homes in the high-risk zone 15% 15% 3.5%
Of those, with NFIP insurance 22% 73% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Tallulah

Typical rent in Tallulah is $650 a month: about the same as the parish. In Tallulah, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Madison 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 Madison 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 $644 $12.38 $25,760
1 bedroom $710 $13.65 $28,400
2 bedrooms $892 $17.15 $35,680
3 bedrooms $1,235 $23.75 $49,400
4 bedrooms $1,491 $28.67 $59,640

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 Tallulah

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Tallulah is in ZIP code 71282.

For 2 bedrooms it is $890: $2 less than the fair market rent for Madison Parish ($892).

  • 71282 $890$1,240

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Tallulah 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 Tallulah

HUD lists 11 buildings with rents for lower incomes in Tallulah. These are the largest.

  • Wyche 218 Thomas St, Tallulah 71282 60 low-income homes · For families (318) 574-4823
  • Madison Community 800 Tank St, Tallulah 71282 58 low-income homes · For families (318) 574-1674
  • Madison Pointe W Scott ST, Tallulah 71282 40 low-income homes · In service since 2011
  • Elm Street Village 401 N Elm St, Tallulah 71282 34 low-income homes · 3 bd: 1 · In service since 2014 · For families
  • Orange Blossom Apts. 801 Bailey St, Tallulah 71282 32 low-income homes · 2 bd: 4 · In service since 2000 · For families (318) 574-1982

See all 11 buildings in Madison Parish Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Tallulah

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 Madison Parish. The nearest ones are below; many serve by phone or online.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Tallulah

No down payment, repair or rent-help program on our list is for Tallulah or Madison Parish. The ones below are statewide in Louisiana: they work in Tallulah 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 Tallulah

The HUD-approved agencies closest to the center of Tallulah, 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 · 54 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

  • Cenla Community Action Committee, Incorporated

    2011 Macarthur Dr, Alexandria · 108 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (318) 314-3480

All counseling agencies in Louisiana

Help in Spanish near Tallulah

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 Tallulah

HUD’s record names them for Tallulah or Madison 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 Tallulah, with the typical home value.

Everything about Madison Parish Housing in Louisiana

Neighboring counties

If Madison 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 Tallulah.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Tallulah

Short answers with the numbers for Tallulah and all of Madison 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 Tallulah?

The typical home value in Tallulah is $79,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Madison Parish it is $96,200.

How much does it cost to rent in Tallulah?

Typical rent in Tallulah is $650 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Madison Parish is $892.

What is the FHA loan limit in Tallulah?

Tallulah uses the FHA limit for all of Madison 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 Tallulah?

The typical homeowner in Tallulah pays $199 a year, according to the U.S. Census Bureau. That is 0.25% of the home’s value; in Madison Parish, the rate is 0.33%.

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

We found no HUD-approved counseling agencies with an office in Madison 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).