Mortgage Rates in Batavia, Illinois — March 2026
Updated March 2026 | Based on Batavia market data and regional lending conditions
Batavia is a growing city in Illinois with a population of 26,786. The current 30-year fixed mortgage rate in Batavia is 6.9%, which is 0.25% above the national average. With a median home price of $243,000 and a 20% down payment of $48,600, homebuyers can expect a monthly principal and interest payment of approximately $1,280.
Current Mortgage Rates in Batavia, IL
Below are the current average mortgage rates available in the Batavia 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 | 6.9% | 6.65% | +0.25% |
| 15-Year Fixed | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.15% | 6.85% | +0.3% |
Batavia Housing Market Overview
The Batavia housing market offers relatively affordable housing compared to many major cities. The median household income in Batavia is $63,400, and the cost of living index is 89.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $73,971 to comfortably afford the median-priced home in Batavia, which exceeds the current median household income.
Monthly Payment Breakdown for Batavia
Based on the median home price of $243,000 with 20% down ($48,600), here is what you can expect to pay monthly in Batavia:
15-Year vs. 30-Year Mortgage in Batavia
Choosing a 15-year mortgage in Batavia at 6.11% instead of a 30-year at 6.9% would save you $163,440 in total interest over the life of the loan. However, your monthly payment would be $1,652 instead of $1,280 — an increase of $372 per month.
Calculate Your Batavia 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 Batavia
What are the current mortgage rates in Batavia, IL?
As of March 2026, the average 30-year fixed mortgage rate in Batavia, Illinois is 6.9%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.25% above the national average of 6.65%.
How much is a monthly mortgage payment in Batavia?
Based on the median home price of $243,000 with 20% down, the estimated monthly mortgage payment in Batavia is $1,280 for principal and interest. Including property taxes of $446/month, the total monthly housing cost is approximately $1,726.
What income do I need to buy a home in Batavia?
Using the 28% rule, you would need an annual income of approximately $73,971 to afford the median-priced home in Batavia at $243,000. The median household income in Batavia is $63,400. This means most households would need to either earn above the median or consider homes below $243,000.
Is Batavia a good place to buy a home in 2026?
Batavia offers a below-average cost of living with a cost of living index of 89.6 (national average = 100). The property tax rate in Illinois is 2.2%, which is above the national average. Batavia has a population of 26,786 and offers a very affordable lifestyle.
Mortgage Rates in Other Illinois Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Batavia, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.