Mortgage Rates in Alhambra, California — March 2026
Updated March 2026 | Based on Alhambra market data and regional lending conditions
Alhambra is a growing city in California with a population of 82,868. The current 30-year fixed mortgage rate in Alhambra is 6.62%, which is 0.03% below the national average. With a median home price of $813,000 and a 20% down payment of $162,600, homebuyers can expect a monthly principal and interest payment of approximately $4,162.
Current Mortgage Rates in Alhambra, CA
Below are the current average mortgage rates available in the Alhambra 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% |
Alhambra Housing Market Overview
The Alhambra housing market is competitive with prices well above the national median. The median household income in Alhambra is $71,300, and the cost of living index is 144.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $200,143 to comfortably afford the median-priced home in Alhambra, which exceeds the current median household income.
Monthly Payment Breakdown for Alhambra
Based on the median home price of $813,000 with 20% down ($162,600), here is what you can expect to pay monthly in Alhambra:
15-Year vs. 30-Year Mortgage in Alhambra
Choosing a 15-year mortgage in Alhambra at 5.88% instead of a 30-year at 6.62% would save you $518,040 in total interest over the life of the loan. However, your monthly payment would be $5,446 instead of $4,162 — an increase of $1,284 per month.
Calculate Your Alhambra 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 Alhambra
What are the current mortgage rates in Alhambra, CA?
As of March 2026, the average 30-year fixed mortgage rate in Alhambra, California 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 Alhambra?
Based on the median home price of $813,000 with 20% down, the estimated monthly mortgage payment in Alhambra is $4,162 for principal and interest. Including property taxes of $508/month, the total monthly housing cost is approximately $4,670.
What income do I need to buy a home in Alhambra?
Using the 28% rule, you would need an annual income of approximately $200,143 to afford the median-priced home in Alhambra at $813,000. The median household income in Alhambra is $71,300. This means most households would need to either earn above the median or consider homes below $813,000.
Is Alhambra a good place to buy a home in 2026?
Alhambra has a higher cost of living than average with a cost of living index of 144.1 (national average = 100). The property tax rate in California is 0.75%, which is below the national average. Alhambra has a population of 82,868 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Alhambra, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.