Mortgage Rates in Adrian, Michigan — March 2026
Updated March 2026 | Based on Adrian market data and regional lending conditions
Adrian is a growing city in Michigan with a population of 20,645. The current 30-year fixed mortgage rate in Adrian is 6.09%, which is 0.56% below the national average. With a median home price of $135,000 and a 20% down payment of $27,000, homebuyers can expect a monthly principal and interest payment of approximately $654.
Current Mortgage Rates in Adrian, MI
Below are the current average mortgage rates available in the Adrian 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 | 6.09% | 6.65% | -0.56% |
| 15-Year Fixed | 5.33% | 5.89% | -0.56% |
| 5/1 ARM | 5.59% | 6.15% | -0.56% |
| FHA | 5.69% | 6.25% | -0.56% |
| VA | 5.49% | 6.05% | -0.56% |
| Jumbo | 6.29% | 6.85% | -0.56% |
Adrian Housing Market Overview
The Adrian housing market offers relatively affordable housing compared to many major cities. The median household income in Adrian is $35,000, and the cost of living index is 79 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $35,657 to comfortably afford the median-priced home in Adrian, which exceeds the current median household income.
Monthly Payment Breakdown for Adrian
Based on the median home price of $135,000 with 20% down ($27,000), here is what you can expect to pay monthly in Adrian:
15-Year vs. 30-Year Mortgage in Adrian
Choosing a 15-year mortgage in Adrian at 5.33% instead of a 30-year at 6.09% would save you $78,300 in total interest over the life of the loan. However, your monthly payment would be $873 instead of $654 — an increase of $219 per month.
Calculate Your Adrian 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 Adrian
What are the current mortgage rates in Adrian, MI?
As of March 2026, the average 30-year fixed mortgage rate in Adrian, Michigan is 6.09%, while the 15-year fixed rate is 5.33%. FHA loans average 5.69% and VA loans 5.49%. These rates are 0.56% below the national average of 6.65%.
How much is a monthly mortgage payment in Adrian?
Based on the median home price of $135,000 with 20% down, the estimated monthly mortgage payment in Adrian is $654 for principal and interest. Including property taxes of $178/month, the total monthly housing cost is approximately $832.
What income do I need to buy a home in Adrian?
Using the 28% rule, you would need an annual income of approximately $35,657 to afford the median-priced home in Adrian at $135,000. The median household income in Adrian is $35,000. This means most households would need to either earn above the median or consider homes below $135,000.
Is Adrian a good place to buy a home in 2026?
Adrian offers a below-average cost of living with a cost of living index of 79 (national average = 100). The property tax rate in Michigan is 1.58%, which is above the national average. Adrian has a population of 20,645 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Adrian, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.