Mortgage Rates in Houma, Louisiana — March 2026
Updated March 2026 | Based on Houma market data and regional lending conditions
Houma is a growing city in Louisiana with a population of 32,589. The current 30-year fixed mortgage rate in Houma is 6.07%, which is 0.58% below the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $845.
Current Mortgage Rates in Houma, LA
Below are the current average mortgage rates available in the Houma 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 | 6.07% | 6.65% | -0.58% |
| 15-Year Fixed | 5.31% | 5.89% | -0.58% |
| 5/1 ARM | 5.57% | 6.15% | -0.58% |
| FHA | 5.67% | 6.25% | -0.58% |
| VA | 5.47% | 6.05% | -0.58% |
| Jumbo | 6.27% | 6.85% | -0.58% |
Houma Housing Market Overview
The Houma housing market offers relatively affordable housing compared to many major cities. The median household income in Houma is $42,000, and the cost of living index is 84 (national average = 100). Based on the 28% affordability rule, the median income in Houma is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Houma
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Houma:
15-Year vs. 30-Year Mortgage in Houma
Choosing a 15-year mortgage in Houma at 5.31% instead of a 30-year at 6.07% would save you $100,800 in total interest over the life of the loan. However, your monthly payment would be $1,130 instead of $845 — an increase of $285 per month.
Calculate Your Houma 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 Houma
What are the current mortgage rates in Houma, LA?
As of March 2026, the average 30-year fixed mortgage rate in Houma, Louisiana is 6.07%, while the 15-year fixed rate is 5.31%. FHA loans average 5.67% and VA loans 5.47%. These rates are 0.58% below the national average of 6.65%.
How much is a monthly mortgage payment in Houma?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Houma is $845 for principal and interest. Including property taxes of $76/month, the total monthly housing cost is approximately $921.
What income do I need to buy a home in Houma?
Using the 28% rule, you would need an annual income of approximately $39,471 to afford the median-priced home in Houma at $175,000. The median household income in Houma is $42,000. The median income is currently sufficient to meet this threshold.
Is Houma a good place to buy a home in 2026?
Houma offers a below-average cost of living with a cost of living index of 84 (national average = 100). The property tax rate in Louisiana is 0.52%, which is below the national average. Houma has a population of 32,589 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 Houma, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.