Mortgage Rates in Laplace, Louisiana — March 2026
Updated March 2026 | Based on Laplace market data and regional lending conditions
Laplace is a growing city in Louisiana with a population of 31,147. The current 30-year fixed mortgage rate in Laplace is 6.85%, which is 0.2% above the national average. With a median home price of $202,000 and a 20% down payment of $40,400, homebuyers can expect a monthly principal and interest payment of approximately $1,059.
Current Mortgage Rates in Laplace, LA
Below are the current average mortgage rates available in the Laplace 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 | 6.85% | 6.65% | +0.2% |
| 15-Year Fixed | 6.07% | 5.89% | +0.18% |
| 5/1 ARM | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.1% | 6.85% | +0.25% |
Laplace Housing Market Overview
The Laplace housing market offers relatively affordable housing compared to many major cities. The median household income in Laplace is $49,700, and the cost of living index is 84.6 (national average = 100). Based on the 28% affordability rule, the median income in Laplace is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Laplace
Based on the median home price of $202,000 with 20% down ($40,400), here is what you can expect to pay monthly in Laplace:
15-Year vs. 30-Year Mortgage in Laplace
Choosing a 15-year mortgage in Laplace at 6.07% instead of a 30-year at 6.85% would save you $134,640 in total interest over the life of the loan. However, your monthly payment would be $1,370 instead of $1,059 — an increase of $311 per month.
Calculate Your Laplace 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 Laplace
What are the current mortgage rates in Laplace, LA?
As of March 2026, the average 30-year fixed mortgage rate in Laplace, Louisiana is 6.85%, while the 15-year fixed rate is 6.07%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.2% above the national average of 6.65%.
How much is a monthly mortgage payment in Laplace?
Based on the median home price of $202,000 with 20% down, the estimated monthly mortgage payment in Laplace is $1,059 for principal and interest. Including property taxes of $94/month, the total monthly housing cost is approximately $1,153.
What income do I need to buy a home in Laplace?
Using the 28% rule, you would need an annual income of approximately $49,414 to afford the median-priced home in Laplace at $202,000. The median household income in Laplace is $49,700. The median income is currently sufficient to meet this threshold.
Is Laplace a good place to buy a home in 2026?
Laplace offers a below-average cost of living with a cost of living index of 84.6 (national average = 100). The property tax rate in Louisiana is 0.56%, which is below the national average. Laplace has a population of 31,147 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 Laplace, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.