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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Buras, LA Housing Affordability Index

Buras, Louisiana has an MBR Housing Affordability Index score of 349.9 (Highly Affordable) as of October 30, 2026, ranking 3rd most affordable of 331 scored Louisiana cities, compared with 125.1 statewide and 97.4 nationally. On a median-priced $45,300 home with 20% down, the Louisiana average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $246, or 5% of the city’s $54,167 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Buras is updated every night from live Louisiana mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Buras MBR-HAI 349.9 Highly Affordable
Rank in Louisiana 3 of 331 1 = most affordable
Louisiana 125.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.19% Louisiana lenders
Median home value $45,300 U.S. Census Bureau

Buras is 224.8 points above the Louisiana score. Scores as of October 30, 2026. See the Louisiana index

View Buras Mortgage Rates

What It Takes to Buy in Buras

$246/mo
Principal & Interest
Median home, 20% down, 7.19%
$10,500
Income Needed
To keep the payment at 28% of income
$54,167
Median Household Income
Louisiana: $60,756
0.8x
Price-to-Income Ratio
Louisiana: 3.6x
$150/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,098/yr
Median Property Tax
Louisiana figure
30.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
47.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Buras, Louisiana. The rate is the Louisiana average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Buras Ranks in Louisiana

Cities with similar scores
#1Mermentau533.1 #2Pioneer438.4
#3Buras349.9
#4Epps338.3 #5Hester329.5 #6Lisbon325.5
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Cite the Buras Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Buras, Louisiana score: 349.9 (Highly Affordable), ranked 3 of 331 Louisiana cities. monitorbankrates.com/housing-affordability-index/louisiana/buras”