Mortgage Rates in Bay St. Louis, Mississippi — March 2026
Updated March 2026 | Based on Bay St. Louis market data and regional lending conditions
Bay St. Louis is a growing city in Mississippi with a population of 13,684. The current 30-year fixed mortgage rate in Bay St. Louis is 6.7%, which is 0.05% above the national average. With a median home price of $132,000 and a 20% down payment of $26,400, homebuyers can expect a monthly principal and interest payment of approximately $681.
Current Mortgage Rates in Bay St. Louis, MS
Below are the current average mortgage rates available in the Bay St. Louis 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Bay St. Louis Housing Market Overview
The Bay St. Louis housing market offers relatively affordable housing compared to many major cities. The median household income in Bay St. Louis is $38,800, and the cost of living index is 79.6 (national average = 100). Based on the 28% affordability rule, the median income in Bay St. Louis is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Bay St. Louis
Based on the median home price of $132,000 with 20% down ($26,400), here is what you can expect to pay monthly in Bay St. Louis:
15-Year vs. 30-Year Mortgage in Bay St. Louis
Choosing a 15-year mortgage in Bay St. Louis at 5.95% instead of a 30-year at 6.7% would save you $85,320 in total interest over the life of the loan. However, your monthly payment would be $888 instead of $681 — an increase of $207 per month.
Calculate Your Bay St. Louis 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 Bay St. Louis
What are the current mortgage rates in Bay St. Louis, MS?
As of March 2026, the average 30-year fixed mortgage rate in Bay St. Louis, Mississippi is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Bay St. Louis?
Based on the median home price of $132,000 with 20% down, the estimated monthly mortgage payment in Bay St. Louis is $681 for principal and interest. Including property taxes of $94/month, the total monthly housing cost is approximately $775.
What income do I need to buy a home in Bay St. Louis?
Using the 28% rule, you would need an annual income of approximately $33,214 to afford the median-priced home in Bay St. Louis at $132,000. The median household income in Bay St. Louis is $38,800. The median income is currently sufficient to meet this threshold.
Is Bay St. Louis a good place to buy a home in 2026?
Bay St. Louis offers a below-average cost of living with a cost of living index of 79.6 (national average = 100). The property tax rate in Mississippi is 0.85%, which is near the national average. Bay St. Louis has a population of 13,684 and offers a very affordable lifestyle.
Mortgage Rates in Other Mississippi Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bay St. Louis, Mississippi area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.