Mortgage Rates in Terrytown, Louisiana — March 2026
Updated March 2026 | Based on Terrytown market data and regional lending conditions
Terrytown is a growing city in Louisiana with a population of 25,874. The current 30-year fixed mortgage rate in Terrytown is 6.88%, which is 0.23% above the national average. With a median home price of $211,000 and a 20% down payment of $42,200, homebuyers can expect a monthly principal and interest payment of approximately $1,109.
Current Mortgage Rates in Terrytown, LA
Below are the current average mortgage rates available in the Terrytown 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Terrytown Housing Market Overview
The Terrytown housing market offers relatively affordable housing compared to many major cities. The median household income in Terrytown is $43,900, and the cost of living index is 83 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $51,814 to comfortably afford the median-priced home in Terrytown, which exceeds the current median household income.
Monthly Payment Breakdown for Terrytown
Based on the median home price of $211,000 with 20% down ($42,200), here is what you can expect to pay monthly in Terrytown:
15-Year vs. 30-Year Mortgage in Terrytown
Choosing a 15-year mortgage in Terrytown at 6.1% instead of a 30-year at 6.88% would save you $141,120 in total interest over the life of the loan. However, your monthly payment would be $1,434 instead of $1,109 — an increase of $325 per month.
Calculate Your Terrytown 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 Terrytown
What are the current mortgage rates in Terrytown, LA?
As of March 2026, the average 30-year fixed mortgage rate in Terrytown, Louisiana is 6.88%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Terrytown?
Based on the median home price of $211,000 with 20% down, the estimated monthly mortgage payment in Terrytown is $1,109 for principal and interest. Including property taxes of $100/month, the total monthly housing cost is approximately $1,209.
What income do I need to buy a home in Terrytown?
Using the 28% rule, you would need an annual income of approximately $51,814 to afford the median-priced home in Terrytown at $211,000. The median household income in Terrytown is $43,900. This means most households would need to either earn above the median or consider homes below $211,000.
Is Terrytown a good place to buy a home in 2026?
Terrytown offers a below-average cost of living with a cost of living index of 83 (national average = 100). The property tax rate in Louisiana is 0.57%, which is below the national average. Terrytown has a population of 25,874 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 Terrytown, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.