Mortgage Rates in New Iberia, Louisiana — March 2026
Updated March 2026 | Based on New Iberia market data and regional lending conditions
New Iberia is a growing city in Louisiana with a population of 30,617. The current 30-year fixed mortgage rate in New Iberia is 6.73%, which is 0.08% above the national average. With a median home price of $208,000 and a 20% down payment of $41,600, homebuyers can expect a monthly principal and interest payment of approximately $1,077.
Current Mortgage Rates in New Iberia, LA
Below are the current average mortgage rates available in the New Iberia 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 | 6.24% | 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% |
New Iberia Housing Market Overview
The New Iberia housing market offers relatively affordable housing compared to many major cities. The median household income in New Iberia is $52,000, and the cost of living index is 82.3 (national average = 100). Based on the 28% affordability rule, the median income in New Iberia is sufficient to afford the median-priced home.
Monthly Payment Breakdown for New Iberia
Based on the median home price of $208,000 with 20% down ($41,600), here is what you can expect to pay monthly in New Iberia:
15-Year vs. 30-Year Mortgage in New Iberia
Choosing a 15-year mortgage in New Iberia at 5.97% instead of a 30-year at 6.73% would save you $135,540 in total interest over the life of the loan. However, your monthly payment would be $1,401 instead of $1,077 — an increase of $324 per month.
Calculate Your New Iberia 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 New Iberia
What are the current mortgage rates in New Iberia, LA?
As of March 2026, the average 30-year fixed mortgage rate in New Iberia, Louisiana is 6.73%, while the 15-year fixed rate is 5.97%. 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 New Iberia?
Based on the median home price of $208,000 with 20% down, the estimated monthly mortgage payment in New Iberia is $1,077 for principal and interest. Including property taxes of $92/month, the total monthly housing cost is approximately $1,169.
What income do I need to buy a home in New Iberia?
Using the 28% rule, you would need an annual income of approximately $50,100 to afford the median-priced home in New Iberia at $208,000. The median household income in New Iberia is $52,000. The median income is currently sufficient to meet this threshold.
Is New Iberia a good place to buy a home in 2026?
New Iberia offers a below-average cost of living with a cost of living index of 82.3 (national average = 100). The property tax rate in Louisiana is 0.53%, which is below the national average. New Iberia has a population of 30,617 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 New Iberia, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.