Mortgage Rates in Blacksburg, Virginia — March 2026
Updated March 2026 | Based on Blacksburg market data and regional lending conditions
Blacksburg is a growing city in Virginia with a population of 44,853. The current 30-year fixed mortgage rate in Blacksburg is 6.68%, which is 0.03% above the national average. With a median home price of $338,000 and a 20% down payment of $67,600, homebuyers can expect a monthly principal and interest payment of approximately $1,741.
Current Mortgage Rates in Blacksburg, VA
Below are the current average mortgage rates available in the Blacksburg 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 | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Blacksburg Housing Market Overview
The Blacksburg housing market reflects moderate demand with prices near the national average. The median household income in Blacksburg is $74,400, and the cost of living index is 103.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $84,643 to comfortably afford the median-priced home in Blacksburg, which exceeds the current median household income.
Monthly Payment Breakdown for Blacksburg
Based on the median home price of $338,000 with 20% down ($67,600), here is what you can expect to pay monthly in Blacksburg:
15-Year vs. 30-Year Mortgage in Blacksburg
Choosing a 15-year mortgage in Blacksburg at 5.93% instead of a 30-year at 6.68% would save you $217,800 in total interest over the life of the loan. However, your monthly payment would be $2,272 instead of $1,741 — an increase of $531 per month.
Calculate Your Blacksburg 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 Blacksburg
What are the current mortgage rates in Blacksburg, VA?
As of March 2026, the average 30-year fixed mortgage rate in Blacksburg, Virginia is 6.68%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Blacksburg?
Based on the median home price of $338,000 with 20% down, the estimated monthly mortgage payment in Blacksburg is $1,741 for principal and interest. Including property taxes of $234/month, the total monthly housing cost is approximately $1,975.
What income do I need to buy a home in Blacksburg?
Using the 28% rule, you would need an annual income of approximately $84,643 to afford the median-priced home in Blacksburg at $338,000. The median household income in Blacksburg is $74,400. This means most households would need to either earn above the median or consider homes below $338,000.
Is Blacksburg a good place to buy a home in 2026?
Blacksburg has a moderate cost of living with a cost of living index of 103.6 (national average = 100). The property tax rate in Virginia is 0.83%, which is near the national average. Blacksburg has a population of 44,853 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Blacksburg, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.