Mortgage Rates in Beech Grove, Indiana — March 2026
Updated March 2026 | Based on Beech Grove market data and regional lending conditions
Beech Grove is a growing city in Indiana with a population of 15,000. The current 30-year fixed mortgage rate in Beech Grove is 6.78%, which is 0.13% above the national average. With a median home price of $199,000 and a 20% down payment of $39,800, homebuyers can expect a monthly principal and interest payment of approximately $1,036.
Current Mortgage Rates in Beech Grove, IN
Below are the current average mortgage rates available in the Beech Grove 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.03% | 6.85% | +0.18% |
Beech Grove Housing Market Overview
The Beech Grove housing market offers relatively affordable housing compared to many major cities. The median household income in Beech Grove is $58,600, and the cost of living index is 85.8 (national average = 100). Based on the 28% affordability rule, the median income in Beech Grove is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Beech Grove
Based on the median home price of $199,000 with 20% down ($39,800), here is what you can expect to pay monthly in Beech Grove:
15-Year vs. 30-Year Mortgage in Beech Grove
Choosing a 15-year mortgage in Beech Grove at 6.01% instead of a 30-year at 6.78% would save you $131,040 in total interest over the life of the loan. However, your monthly payment would be $1,344 instead of $1,036 — an increase of $308 per month.
Calculate Your Beech Grove 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 Beech Grove
What are the current mortgage rates in Beech Grove, IN?
As of March 2026, the average 30-year fixed mortgage rate in Beech Grove, Indiana is 6.78%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in Beech Grove?
Based on the median home price of $199,000 with 20% down, the estimated monthly mortgage payment in Beech Grove is $1,036 for principal and interest. Including property taxes of $148/month, the total monthly housing cost is approximately $1,184.
What income do I need to buy a home in Beech Grove?
Using the 28% rule, you would need an annual income of approximately $50,743 to afford the median-priced home in Beech Grove at $199,000. The median household income in Beech Grove is $58,600. The median income is currently sufficient to meet this threshold.
Is Beech Grove a good place to buy a home in 2026?
Beech Grove offers a below-average cost of living with a cost of living index of 85.8 (national average = 100). The property tax rate in Indiana is 0.89%, which is near the national average. Beech Grove has a population of 15,000 and offers a very affordable lifestyle.
Mortgage Rates in Other Indiana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Beech Grove, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.