Mortgage Rates in Annapolis, Maryland — March 2026
Updated March 2026 | Based on Annapolis market data and regional lending conditions
Annapolis is a growing city in Maryland with a population of 40,812. The current 30-year fixed mortgage rate in Annapolis is 6.7%, which is 0.05% above the national average. With a median home price of $485,000 and a 20% down payment of $97,000, homebuyers can expect a monthly principal and interest payment of approximately $2,504.
Current Mortgage Rates in Annapolis, MD
Below are the current average mortgage rates available in the Annapolis 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Annapolis Housing Market Overview
The Annapolis housing market reflects moderate demand with prices near the national average. The median household income in Annapolis is $82,250, and the cost of living index is 118.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $125,829 to comfortably afford the median-priced home in Annapolis, which exceeds the current median household income.
Monthly Payment Breakdown for Annapolis
Based on the median home price of $485,000 with 20% down ($97,000), here is what you can expect to pay monthly in Annapolis:
15-Year vs. 30-Year Mortgage in Annapolis
Choosing a 15-year mortgage in Annapolis at 5.94% instead of a 30-year at 6.7% would save you $314,280 in total interest over the life of the loan. However, your monthly payment would be $3,262 instead of $2,504 — an increase of $758 per month.
Calculate Your Annapolis 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 Annapolis
What are the current mortgage rates in Annapolis, MD?
As of March 2026, the average 30-year fixed mortgage rate in Annapolis, Maryland is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Annapolis?
Based on the median home price of $485,000 with 20% down, the estimated monthly mortgage payment in Annapolis is $2,504 for principal and interest. Including property taxes of $432/month, the total monthly housing cost is approximately $2,936.
What income do I need to buy a home in Annapolis?
Using the 28% rule, you would need an annual income of approximately $125,829 to afford the median-priced home in Annapolis at $485,000. The median household income in Annapolis is $82,250. This means most households would need to either earn above the median or consider homes below $485,000.
Is Annapolis a good place to buy a home in 2026?
Annapolis has a moderate cost of living with a cost of living index of 118.5 (national average = 100). The property tax rate in Maryland is 1.07%, which is near the national average. Annapolis has a population of 40,812 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Annapolis, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.