Mortgage Rates in Ashtabula, Ohio — March 2026
Updated March 2026 | Based on Ashtabula market data and regional lending conditions
Ashtabula is a growing city in Ohio with a population of 18,146. The current 30-year fixed mortgage rate in Ashtabula is 6.35%, which is 0.3% below the national average. With a median home price of $85,000 and a 20% down payment of $17,000, homebuyers can expect a monthly principal and interest payment of approximately $423.
Current Mortgage Rates in Ashtabula, OH
Below are the current average mortgage rates available in the Ashtabula 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 | 6.35% | 6.65% | -0.3% |
| 15-Year Fixed | 5.59% | 5.89% | -0.3% |
| 5/1 ARM | 5.85% | 6.15% | -0.3% |
| FHA | 5.95% | 6.25% | -0.3% |
| VA | 5.75% | 6.05% | -0.3% |
| Jumbo | 6.55% | 6.85% | -0.3% |
Ashtabula Housing Market Overview
The Ashtabula housing market offers relatively affordable housing compared to many major cities. The median household income in Ashtabula is $28,000, and the cost of living index is 74 (national average = 100). Based on the 28% affordability rule, the median income in Ashtabula is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Ashtabula
Based on the median home price of $85,000 with 20% down ($17,000), here is what you can expect to pay monthly in Ashtabula:
15-Year vs. 30-Year Mortgage in Ashtabula
Choosing a 15-year mortgage in Ashtabula at 5.59% instead of a 30-year at 6.35% would save you $51,660 in total interest over the life of the loan. However, your monthly payment would be $559 instead of $423 — an increase of $136 per month.
Calculate Your Ashtabula 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 Ashtabula
What are the current mortgage rates in Ashtabula, OH?
As of March 2026, the average 30-year fixed mortgage rate in Ashtabula, Ohio is 6.35%, while the 15-year fixed rate is 5.59%. FHA loans average 5.95% and VA loans 5.75%. These rates are 0.3% below the national average of 6.65%.
How much is a monthly mortgage payment in Ashtabula?
Based on the median home price of $85,000 with 20% down, the estimated monthly mortgage payment in Ashtabula is $423 for principal and interest. Including property taxes of $107/month, the total monthly housing cost is approximately $530.
What income do I need to buy a home in Ashtabula?
Using the 28% rule, you would need an annual income of approximately $22,714 to afford the median-priced home in Ashtabula at $85,000. The median household income in Ashtabula is $28,000. The median income is currently sufficient to meet this threshold.
Is Ashtabula a good place to buy a home in 2026?
Ashtabula offers a below-average cost of living with a cost of living index of 74 (national average = 100). The property tax rate in Ohio is 1.51%, which is above the national average. Ashtabula has a population of 18,146 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ashtabula, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.