Louisiana Mortgage Rates & Home Prices (2026)
Median price: $198,000 · Avg. rate: 6.90%
Louisiana Market Overview
$198,000
Median Home Price
6.90%
Avg. 30-Yr Rate
0.55%
Property Tax Rate
66.6%
Homeownership Rate
Louisiana offers very affordable housing with some of the lowest property taxes in the South. Flood insurance is a critical factor for many properties. The LHC provides soft second mortgages and competitive rates, and the Delta 100 program offers 100% financing.
Estimated Monthly Payment
Median home in Louisiana (20% down, 30-yr fixed)
$1,216/mo
Principal & Interest$1,043
Property Taxes$91
Home Insurance (est.)$83
Total Monthly (PITI)$1,216
Based on a $198,000 home with 20% down ($158,400 loan) at 6.90%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Louisiana
- LHC Resilience Soft Second Program
- Market Rate GNMA Program
- Delta 100 Program
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: LA Rates
30-Year Fixed6.90%
15-Year Fixed6.14%
5/1 ARM (est.)6.15%
FHA 30-Year6.75%
VA 30-Year6.65%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: LA
FHA Loan Limit$472,030
Median Income$52,295
Cost Index0.84x