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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

Martin, LA Housing Affordability Index

Martin, Louisiana has an MBR Housing Affordability Index score of 153.1 (Highly Affordable) as of October 30, 2026, ranking 152nd most affordable of 331 scored Louisiana cities, compared with 125.1 statewide and 97.4 nationally. On a median-priced $179,200 home with 20% down, the Louisiana average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $972, or 20% of the city’s $58,351 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Martin 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.

Martin MBR-HAI 153.1 Highly Affordable
Rank in Louisiana 152 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 $179,200 U.S. Census Bureau

Martin is 28.0 points above the Louisiana score. Scores as of October 30, 2026. See the Louisiana index

View Martin Mortgage Rates

See What You Can Afford in Martin, Louisiana

Use this Martin, Louisiana home affordability calculator to see how much house you can afford at today’s Louisiana average 30-year mortgage rate of 7.19%. A household earning the Martin median income of $58,351, with no other debts and $36,000 down, can afford a home of about $204,326, compared with a median home value of $179,200. Buying the median priced home with 20% down takes a household income of about $47,300 once property tax and insurance are counted.

Martin median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Louisiana average, 30-year fixed
Martin median bill (Census)
Estimate; use your quote
You can afford a home up to
$204,326
At or above the Martin median home value of $179,200
Loan amount$168,326
Principal & interest$1,142/mo
Property tax$65/mo
Home insurance$85/mo
PMI$70/mo
Total monthly payment$1,362/mo
Compare Martin Mortgage Rates

How much house can you afford in Martin?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Martin, property taxes run about 0.38% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,532 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Martin

$972/mo
Principal & Interest
Median home, 20% down, 7.19%
$41,700
Income Needed
To keep principal and interest at 28% of income
$58,351
Median Household Income
Louisiana: $60,756
3.1x
Price-to-Income Ratio
Louisiana: 3.6x
$750/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$676/yr
Median Property Tax
0.38% of median value
20.5%
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 Martin, Louisiana. The rate is the Louisiana average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Martin Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Martin, Louisiana score: 153.1 (Highly Affordable), ranked 152 of 331 Louisiana cities. monitorbankrates.com/housing-affordability-index/louisiana/martin”