Mortgage Rates in Arlington Heights, Illinois — March 2026
Updated March 2026 | Based on Arlington Heights market data and regional lending conditions
Arlington Heights is a growing city in Illinois with a population of 77,676. The current 30-year fixed mortgage rate in Arlington Heights is 6.69%, which is 0.04% 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 $1,490.
Current Mortgage Rates in Arlington Heights, IL
Below are the current average mortgage rates available in the Arlington Heights 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Arlington Heights Housing Market Overview
The Arlington Heights housing market offers relatively affordable housing compared to many major cities. The median household income in Arlington Heights is $57,300, and the cost of living index is 97.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $84,686 to comfortably afford the median-priced home in Arlington Heights, which exceeds the current median household income.
Monthly Payment Breakdown for Arlington Heights
Based on the median home price of $289,000 with 20% down ($57,800), here is what you can expect to pay monthly in Arlington Heights:
15-Year vs. 30-Year Mortgage in Arlington Heights
Choosing a 15-year mortgage in Arlington Heights at 5.94% instead of a 30-year at 6.69% would save you $186,480 in total interest over the life of the loan. However, your monthly payment would be $1,944 instead of $1,490 — an increase of $454 per month.
Calculate Your Arlington Heights 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 Arlington Heights
What are the current mortgage rates in Arlington Heights, IL?
As of March 2026, the average 30-year fixed mortgage rate in Arlington Heights, Illinois is 6.69%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Arlington Heights?
Based on the median home price of $289,000 with 20% down, the estimated monthly mortgage payment in Arlington Heights is $1,490 for principal and interest. Including property taxes of $486/month, the total monthly housing cost is approximately $1,976.
What income do I need to buy a home in Arlington Heights?
Using the 28% rule, you would need an annual income of approximately $84,686 to afford the median-priced home in Arlington Heights at $289,000. The median household income in Arlington Heights is $57,300. This means most households would need to either earn above the median or consider homes below $289,000.
Is Arlington Heights a good place to buy a home in 2026?
Arlington Heights offers a below-average cost of living with a cost of living index of 97.7 (national average = 100). The property tax rate in Illinois is 2.02%, which is above the national average. Arlington Heights has a population of 77,676 and offers a balanced lifestyle.
Mortgage Rates in Other Illinois Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Arlington Heights, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.