Mortgage Rates in Ruston, Louisiana — March 2026
Updated March 2026 | Based on Ruston market data and regional lending conditions
Ruston is a growing city in Louisiana with a population of 22,188. The current 30-year fixed mortgage rate in Ruston is 6.73%, which is 0.08% above 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 $906.
Current Mortgage Rates in Ruston, LA
Below are the current average mortgage rates available in the Ruston 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% |
Ruston Housing Market Overview
The Ruston housing market offers relatively affordable housing compared to many major cities. The median household income in Ruston is $32,250, and the cost of living index is 80.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $42,257 to comfortably afford the median-priced home in Ruston, which exceeds the current median household income.
Monthly Payment Breakdown for Ruston
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Ruston:
15-Year vs. 30-Year Mortgage in Ruston
Choosing a 15-year mortgage in Ruston at 5.97% instead of a 30-year at 6.73% would save you $113,940 in total interest over the life of the loan. However, your monthly payment would be $1,179 instead of $906 — an increase of $273 per month.
Calculate Your Ruston Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Ruston
What are the current mortgage rates in Ruston, LA?
As of March 2026, the average 30-year fixed mortgage rate in Ruston, 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 Ruston?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Ruston is $906 for principal and interest. Including property taxes of $80/month, the total monthly housing cost is approximately $986.
What income do I need to buy a home in Ruston?
Using the 28% rule, you would need an annual income of approximately $42,257 to afford the median-priced home in Ruston at $175,000. The median household income in Ruston is $32,250. This means most households would need to either earn above the median or consider homes below $175,000.
Is Ruston a good place to buy a home in 2026?
Ruston offers a below-average cost of living with a cost of living index of 80.5 (national average = 100). The property tax rate in Louisiana is 0.55%, which is below the national average. Ruston has a population of 22,188 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 Ruston, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.