Compare Houma, LA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Houma.
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August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Houma. Understand how much you need to earn to afford a home in Houma, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Houma fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Houma is right for you.
The median home value for Houma, LA (Terrebonne County) is $190,641
Based on current mortgage rates and a 10% down payment, you need to make $39,771 per year to buy the median priced home in Houma
With this income, you could qualify for a $171,577 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Houma is $921
The median household income for Houma, LA (Terrebonne County) is $64,021
Based on this income, you can afford a home valued at approximately $306,885
The home price you can afford to buy based on household income in Houma is 161% of the median home value which means housing prices are average. Houma (Terrebonne County) ranks 30 out of 64 counties in Louisiana and 1,602 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Houma, LA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Houma (Terrebonne County) below.
Conforming loan limits for Houma, LA
FHA loan limits for Houma, LA