Mortgage Rates in Metairie, Louisiana — March 2026
Updated March 2026 | Based on Metairie market data and regional lending conditions
Metairie is a growing city in Louisiana with a population of 138,481. The current 30-year fixed mortgage rate in Metairie is 6.89%, which is 0.24% above the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,132.
Current Mortgage Rates in Metairie, LA
Below are the current average mortgage rates available in the Metairie 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Metairie Housing Market Overview
The Metairie housing market offers relatively affordable housing compared to many major cities. The median household income in Metairie is $48,700, and the cost of living index is 89.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $52,500 to comfortably afford the median-priced home in Metairie, which exceeds the current median household income.
Monthly Payment Breakdown for Metairie
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Metairie:
15-Year vs. 30-Year Mortgage in Metairie
Choosing a 15-year mortgage in Metairie at 6.1% instead of a 30-year at 6.89% would save you $144,540 in total interest over the life of the loan. However, your monthly payment would be $1,461 instead of $1,132 — an increase of $329 per month.
Calculate Your Metairie Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Metairie
What are the current mortgage rates in Metairie, LA?
As of March 2026, the average 30-year fixed mortgage rate in Metairie, Louisiana is 6.89%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Metairie?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Metairie is $1,132 for principal and interest. Including property taxes of $93/month, the total monthly housing cost is approximately $1,225.
What income do I need to buy a home in Metairie?
Using the 28% rule, you would need an annual income of approximately $52,500 to afford the median-priced home in Metairie at $215,000. The median household income in Metairie is $48,700. This means most households would need to either earn above the median or consider homes below $215,000.
Is Metairie a good place to buy a home in 2026?
Metairie offers a below-average cost of living with a cost of living index of 89.4 (national average = 100). The property tax rate in Louisiana is 0.52%, which is below the national average. Metairie has a population of 138,481 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 Metairie, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.