Mortgage Rates in Addison, Texas — March 2026
Updated March 2026 | Based on Addison market data and regional lending conditions
Addison is a growing city in Texas with a population of 16,661. The current 30-year fixed mortgage rate in Addison is 6.62%, which is 0.03% below the national average. With a median home price of $264,000 and a 20% down payment of $52,800, homebuyers can expect a monthly principal and interest payment of approximately $1,352.
Current Mortgage Rates in Addison, TX
Below are the current average mortgage rates available in the Addison 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 | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Addison Housing Market Overview
The Addison housing market offers relatively affordable housing compared to many major cities. The median household income in Addison is $64,900, and the cost of living index is 84 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $73,971 to comfortably afford the median-priced home in Addison, which exceeds the current median household income.
Monthly Payment Breakdown for Addison
Based on the median home price of $264,000 with 20% down ($52,800), here is what you can expect to pay monthly in Addison:
15-Year vs. 30-Year Mortgage in Addison
Choosing a 15-year mortgage in Addison at 5.88% instead of a 30-year at 6.62% would save you $168,300 in total interest over the life of the loan. However, your monthly payment would be $1,769 instead of $1,352 — an increase of $417 per month.
Calculate Your Addison Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Addison
What are the current mortgage rates in Addison, TX?
As of March 2026, the average 30-year fixed mortgage rate in Addison, Texas is 6.62%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Addison?
Based on the median home price of $264,000 with 20% down, the estimated monthly mortgage payment in Addison is $1,352 for principal and interest. Including property taxes of $374/month, the total monthly housing cost is approximately $1,726.
What income do I need to buy a home in Addison?
Using the 28% rule, you would need an annual income of approximately $73,971 to afford the median-priced home in Addison at $264,000. The median household income in Addison is $64,900. This means most households would need to either earn above the median or consider homes below $264,000.
Is Addison a good place to buy a home in 2026?
Addison offers a below-average cost of living with a cost of living index of 84 (national average = 100). The property tax rate in Texas is 1.7%, which is above the national average. Addison has a population of 16,661 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Addison, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.