Mortgage Rates in Broussard, Louisiana — March 2026
Updated March 2026 | Based on Broussard market data and regional lending conditions
Broussard is a growing city in Louisiana with a population of 12,788. The current 30-year fixed mortgage rate in Broussard is 6.73%, which is 0.08% above the national average. With a median home price of $177,000 and a 20% down payment of $35,400, homebuyers can expect a monthly principal and interest payment of approximately $917.
Current Mortgage Rates in Broussard, LA
Below are the current average mortgage rates available in the Broussard 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 | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
Broussard Housing Market Overview
The Broussard housing market offers relatively affordable housing compared to many major cities. The median household income in Broussard is $51,500, and the cost of living index is 93.1 (national average = 100). Based on the 28% affordability rule, the median income in Broussard is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Broussard
Based on the median home price of $177,000 with 20% down ($35,400), here is what you can expect to pay monthly in Broussard:
15-Year vs. 30-Year Mortgage in Broussard
Choosing a 15-year mortgage in Broussard at 5.98% instead of a 30-year at 6.73% would save you $115,380 in total interest over the life of the loan. However, your monthly payment would be $1,193 instead of $917 — an increase of $276 per month.
Calculate Your Broussard 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 Broussard
What are the current mortgage rates in Broussard, LA?
As of March 2026, the average 30-year fixed mortgage rate in Broussard, Louisiana is 6.73%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Broussard?
Based on the median home price of $177,000 with 20% down, the estimated monthly mortgage payment in Broussard is $917 for principal and interest. Including property taxes of $86/month, the total monthly housing cost is approximately $1,003.
What income do I need to buy a home in Broussard?
Using the 28% rule, you would need an annual income of approximately $42,986 to afford the median-priced home in Broussard at $177,000. The median household income in Broussard is $51,500. The median income is currently sufficient to meet this threshold.
Is Broussard a good place to buy a home in 2026?
Broussard offers a below-average cost of living with a cost of living index of 93.1 (national average = 100). The property tax rate in Louisiana is 0.58%, which is below the national average. Broussard has a population of 12,788 and offers a very affordable lifestyle.
Mortgage Rates in Other Louisiana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Broussard, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.