Mortgage Rates in Ankeny, Iowa — March 2026
Updated March 2026 | Based on Ankeny market data and regional lending conditions
Ankeny is a growing city in Iowa with a population of 67,355. The current 30-year fixed mortgage rate in Ankeny is 6.74%, which is 0.09% above the national average. With a median home price of $315,000 and a 20% down payment of $63,000, homebuyers can expect a monthly principal and interest payment of approximately $1,633.
Current Mortgage Rates in Ankeny, IA
Below are the current average mortgage rates available in the Ankeny 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.34% | 6.25% | +0.09% |
| VA | 6.14% | 6.05% | +0.09% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Ankeny Housing Market Overview
The Ankeny housing market reflects moderate demand with prices near the national average. The median household income in Ankeny is $82,250, and the cost of living index is 93.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $87,643 to comfortably afford the median-priced home in Ankeny, which exceeds the current median household income.
Monthly Payment Breakdown for Ankeny
Based on the median home price of $315,000 with 20% down ($63,000), here is what you can expect to pay monthly in Ankeny:
15-Year vs. 30-Year Mortgage in Ankeny
Choosing a 15-year mortgage in Ankeny at 5.98% instead of a 30-year at 6.74% would save you $205,560 in total interest over the life of the loan. However, your monthly payment would be $2,124 instead of $1,633 — an increase of $491 per month.
Calculate Your Ankeny 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 Ankeny
What are the current mortgage rates in Ankeny, IA?
As of March 2026, the average 30-year fixed mortgage rate in Ankeny, Iowa is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.34% and VA loans 6.14%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Ankeny?
Based on the median home price of $315,000 with 20% down, the estimated monthly mortgage payment in Ankeny is $1,633 for principal and interest. Including property taxes of $412/month, the total monthly housing cost is approximately $2,045.
What income do I need to buy a home in Ankeny?
Using the 28% rule, you would need an annual income of approximately $87,643 to afford the median-priced home in Ankeny at $315,000. The median household income in Ankeny is $82,250. This means most households would need to either earn above the median or consider homes below $315,000.
Is Ankeny a good place to buy a home in 2026?
Ankeny offers a below-average cost of living with a cost of living index of 93.5 (national average = 100). The property tax rate in Iowa is 1.57%, which is above the national average. Ankeny has a population of 67,355 and offers a very affordable lifestyle.
Mortgage Rates in Other Iowa Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ankeny, Iowa area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.