Mortgage Rates in Aberdeen, Maryland — March 2026
Updated March 2026 | Based on Aberdeen market data and regional lending conditions
Aberdeen is a growing city in Maryland with a population of 16,456. The current 30-year fixed mortgage rate in Aberdeen is 6.81%, which is 0.16% above the national average. With a median home price of $303,000 and a 20% down payment of $60,600, homebuyers can expect a monthly principal and interest payment of approximately $1,582.
Current Mortgage Rates in Aberdeen, MD
Below are the current average mortgage rates available in the Aberdeen 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Aberdeen Housing Market Overview
The Aberdeen housing market reflects moderate demand with prices near the national average. The median household income in Aberdeen is $80,400, and the cost of living index is 108.2 (national average = 100). Based on the 28% affordability rule, the median income in Aberdeen is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Aberdeen
Based on the median home price of $303,000 with 20% down ($60,600), here is what you can expect to pay monthly in Aberdeen:
15-Year vs. 30-Year Mortgage in Aberdeen
Choosing a 15-year mortgage in Aberdeen at 6.04% instead of a 30-year at 6.81% would save you $200,340 in total interest over the life of the loan. However, your monthly payment would be $2,051 instead of $1,582 — an increase of $469 per month.
Calculate Your Aberdeen 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 Aberdeen
What are the current mortgage rates in Aberdeen, MD?
As of March 2026, the average 30-year fixed mortgage rate in Aberdeen, Maryland is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Aberdeen?
Based on the median home price of $303,000 with 20% down, the estimated monthly mortgage payment in Aberdeen is $1,582 for principal and interest. Including property taxes of $275/month, the total monthly housing cost is approximately $1,857.
What income do I need to buy a home in Aberdeen?
Using the 28% rule, you would need an annual income of approximately $79,586 to afford the median-priced home in Aberdeen at $303,000. The median household income in Aberdeen is $80,400. The median income is currently sufficient to meet this threshold.
Is Aberdeen a good place to buy a home in 2026?
Aberdeen has a moderate cost of living with a cost of living index of 108.2 (national average = 100). The property tax rate in Maryland is 1.09%, which is near the national average. Aberdeen has a population of 16,456 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Aberdeen, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.