Mortgage Rates in Mansfield, Louisiana — April 2026
Updated April 2026 | Based on Mansfield market data and regional lending conditions
Mansfield is a smaller Louisiana community of 22,700 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.72% (0.07% above the national average). At a median home price of $167,500, the estimated $937/month payment (with 20% down) is affordable on the local median income of $55,500.
Current Mortgage Rates in Mansfield, LA
Below are the current average mortgage rates available in the Mansfield area as of April 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Mansfield Housing Market Overview
At $167,500, Mansfield offers more affordable housing than most U.S. metros. The local cost of living index is 89 (100 = national average), and the median household income of $55,500 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Mansfield
Based on the median home price of $167,500 with 20% down ($33,500), here is what you can expect to pay monthly in Mansfield:
15-Year vs. 30-Year Mortgage in Mansfield
Choosing a 15-year mortgage in Mansfield at 5.96% instead of a 30-year at 6.72% would save you $108,720 in total interest over the life of the loan. However, your monthly payment would be $1,128 instead of $866 — an increase of $262 per month.
Calculate Your Mansfield 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 Mansfield
What are the current mortgage rates in Mansfield, LA?
As of April 2026, the average 30-year fixed mortgage rate in Mansfield, Louisiana is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Mansfield?
Based on the median home price of $167,500 with 20% down, the estimated monthly mortgage payment in Mansfield is $866 for principal and interest. Including property taxes of $71/month, the total monthly housing cost is approximately $937.
What income do I need to buy a home in Mansfield?
Using the 28% rule, you would need an annual income of approximately $40,157 to afford the median-priced home in Mansfield at $167,500. The median household income in Mansfield is $55,500. The median income is currently sufficient to meet this threshold.
Is Mansfield a good place to buy a home in 2026?
Mansfield offers a below-average cost of living with a cost of living index of 89 (national average = 100). The property tax rate in Louisiana is 0.51%, which is below the national average. Mansfield has a population of 22,700 and offers a very affordable lifestyle.
Mortgage Rates in Other Louisiana Cities
Related Tools & Guides
Last updated: April 2026. Rates are approximate averages based on regional lending data for the Mansfield, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.