Mortgage Rates in Alpharetta, Georgia — March 2026
Updated March 2026 | Based on Alpharetta market data and regional lending conditions
Alpharetta is a growing city in Georgia with a population of 67,213. The current 30-year fixed mortgage rate in Alpharetta is 6.77%, which is 0.12% above the national average. With a median home price of $289,000 and a 20% down payment of $57,800, homebuyers can expect a monthly principal and interest payment of approximately $1,503.
Current Mortgage Rates in Alpharetta, GA
Below are the current average mortgage rates available in the Alpharetta 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Alpharetta Housing Market Overview
The Alpharetta housing market offers relatively affordable housing compared to many major cities. The median household income in Alpharetta is $52,700, and the cost of living index is 89.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $73,586 to comfortably afford the median-priced home in Alpharetta, which exceeds the current median household income.
Monthly Payment Breakdown for Alpharetta
Based on the median home price of $289,000 with 20% down ($57,800), here is what you can expect to pay monthly in Alpharetta:
15-Year vs. 30-Year Mortgage in Alpharetta
Choosing a 15-year mortgage in Alpharetta at 6.01% instead of a 30-year at 6.77% would save you $189,720 in total interest over the life of the loan. However, your monthly payment would be $1,952 instead of $1,503 — an increase of $449 per month.
Calculate Your Alpharetta 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 Alpharetta
What are the current mortgage rates in Alpharetta, GA?
As of March 2026, the average 30-year fixed mortgage rate in Alpharetta, Georgia is 6.77%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Alpharetta?
Based on the median home price of $289,000 with 20% down, the estimated monthly mortgage payment in Alpharetta is $1,503 for principal and interest. Including property taxes of $214/month, the total monthly housing cost is approximately $1,717.
What income do I need to buy a home in Alpharetta?
Using the 28% rule, you would need an annual income of approximately $73,586 to afford the median-priced home in Alpharetta at $289,000. The median household income in Alpharetta is $52,700. This means most households would need to either earn above the median or consider homes below $289,000.
Is Alpharetta a good place to buy a home in 2026?
Alpharetta offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Georgia is 0.89%, which is near the national average. Alpharetta has a population of 67,213 and offers a very affordable lifestyle.
Mortgage Rates in Other Georgia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Alpharetta, Georgia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.