Mortgage Rates in Marrero, Louisiana — March 2026
Updated March 2026 | Based on Marrero market data and regional lending conditions
Marrero is a growing city in Louisiana with a population of 33,141. The current 30-year fixed mortgage rate in Marrero is 6.61%, which is 0.04% below the national average. With a median home price of $197,000 and a 20% down payment of $39,400, homebuyers can expect a monthly principal and interest payment of approximately $1,008.
Current Mortgage Rates in Marrero, LA
Below are the current average mortgage rates available in the Marrero 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Marrero Housing Market Overview
The Marrero housing market offers relatively affordable housing compared to many major cities. The median household income in Marrero is $50,700, and the cost of living index is 89.5 (national average = 100). Based on the 28% affordability rule, the median income in Marrero is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Marrero
Based on the median home price of $197,000 with 20% down ($39,400), here is what you can expect to pay monthly in Marrero:
15-Year vs. 30-Year Mortgage in Marrero
Choosing a 15-year mortgage in Marrero at 5.88% instead of a 30-year at 6.61% would save you $125,280 in total interest over the life of the loan. However, your monthly payment would be $1,320 instead of $1,008 — an increase of $312 per month.
Calculate Your Marrero 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 Marrero
What are the current mortgage rates in Marrero, LA?
As of March 2026, the average 30-year fixed mortgage rate in Marrero, Louisiana is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Marrero?
Based on the median home price of $197,000 with 20% down, the estimated monthly mortgage payment in Marrero is $1,008 for principal and interest. Including property taxes of $92/month, the total monthly housing cost is approximately $1,100.
What income do I need to buy a home in Marrero?
Using the 28% rule, you would need an annual income of approximately $47,143 to afford the median-priced home in Marrero at $197,000. The median household income in Marrero is $50,700. The median income is currently sufficient to meet this threshold.
Is Marrero a good place to buy a home in 2026?
Marrero offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Louisiana is 0.56%, which is below the national average. Marrero has a population of 33,141 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 Marrero, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.