Mortgage Rates in Jennings, Louisiana — March 2026
Updated March 2026 | Based on Jennings market data and regional lending conditions
Jennings is a growing city in Louisiana with a population of 10,032. The current 30-year fixed mortgage rate in Jennings is 6.83%, which is 0.18% above the national average. With a median home price of $158,000 and a 20% down payment of $31,600, homebuyers can expect a monthly principal and interest payment of approximately $827.
Current Mortgage Rates in Jennings, LA
Below are the current average mortgage rates available in the Jennings 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Jennings Housing Market Overview
The Jennings housing market offers relatively affordable housing compared to many major cities. The median household income in Jennings is $48,000, and the cost of living index is 90.3 (national average = 100). Based on the 28% affordability rule, the median income in Jennings is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Jennings
Based on the median home price of $158,000 with 20% down ($31,600), here is what you can expect to pay monthly in Jennings:
15-Year vs. 30-Year Mortgage in Jennings
Choosing a 15-year mortgage in Jennings at 6.05% instead of a 30-year at 6.83% would save you $105,120 in total interest over the life of the loan. However, your monthly payment would be $1,070 instead of $827 — an increase of $243 per month.
Calculate Your Jennings 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 Jennings
What are the current mortgage rates in Jennings, LA?
As of March 2026, the average 30-year fixed mortgage rate in Jennings, Louisiana is 6.83%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Jennings?
Based on the median home price of $158,000 with 20% down, the estimated monthly mortgage payment in Jennings is $827 for principal and interest. Including property taxes of $76/month, the total monthly housing cost is approximately $903.
What income do I need to buy a home in Jennings?
Using the 28% rule, you would need an annual income of approximately $38,700 to afford the median-priced home in Jennings at $158,000. The median household income in Jennings is $48,000. The median income is currently sufficient to meet this threshold.
Is Jennings a good place to buy a home in 2026?
Jennings offers a below-average cost of living with a cost of living index of 90.3 (national average = 100). The property tax rate in Louisiana is 0.58%, which is below the national average. Jennings has a population of 10,032 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 Jennings, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.