Mortgage Rates in Alexandria, Louisiana — March 2026
Updated March 2026 | Based on Alexandria market data and regional lending conditions
Alexandria is a growing city in Louisiana with a population of 46,545. The current 30-year fixed mortgage rate in Alexandria is 6.73%, which is 0.08% above the national average. With a median home price of $155,000 and a 20% down payment of $31,000, homebuyers can expect a monthly principal and interest payment of approximately $803.
Current Mortgage Rates in Alexandria, LA
Below are the current average mortgage rates available in the Alexandria area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.33% | 6.25% | +0.08% |
| VA | 6.13% | 6.05% | +0.08% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Alexandria Housing Market Overview
The Alexandria housing market offers relatively affordable housing compared to many major cities. The median household income in Alexandria is $38,250, and the cost of living index is 82.5 (national average = 100). Based on the 28% affordability rule, the median income in Alexandria is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Alexandria
Based on the median home price of $155,000 with 20% down ($31,000), here is what you can expect to pay monthly in Alexandria:
15-Year vs. 30-Year Mortgage in Alexandria
Choosing a 15-year mortgage in Alexandria at 5.97% instead of a 30-year at 6.73% would save you $101,160 in total interest over the life of the loan. However, your monthly payment would be $1,044 instead of $803 — an increase of $241 per month.
Calculate Your Alexandria Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Alexandria
What are the current mortgage rates in Alexandria, LA?
As of March 2026, the average 30-year fixed mortgage rate in Alexandria, Louisiana is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.33% and VA loans 6.13%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Alexandria?
Based on the median home price of $155,000 with 20% down, the estimated monthly mortgage payment in Alexandria is $803 for principal and interest. Including property taxes of $71/month, the total monthly housing cost is approximately $874.
What income do I need to buy a home in Alexandria?
Using the 28% rule, you would need an annual income of approximately $37,457 to afford the median-priced home in Alexandria at $155,000. The median household income in Alexandria is $38,250. The median income is currently sufficient to meet this threshold.
Is Alexandria a good place to buy a home in 2026?
Alexandria offers a below-average cost of living with a cost of living index of 82.5 (national average = 100). The property tax rate in Louisiana is 0.55%, which is below the national average. Alexandria has a population of 46,545 and offers a very affordable lifestyle.
Mortgage Rates in Other Louisiana Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Alexandria, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.