Mortgage Rates in Burien, Washington — March 2026
Updated March 2026 | Based on Burien market data and regional lending conditions
Burien is a growing city in Washington with a population of 53,100. The current 30-year fixed mortgage rate in Burien is 6.75%, which is 0.1% above the national average. With a median home price of $612,000 and a 20% down payment of $122,400, homebuyers can expect a monthly principal and interest payment of approximately $3,176.
Current Mortgage Rates in Burien, WA
Below are the current average mortgage rates available in the Burien 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 | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
Burien Housing Market Overview
The Burien housing market is competitive with prices well above the national median. The median household income in Burien is $70,700, and the cost of living index is 119 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $156,000 to comfortably afford the median-priced home in Burien, which exceeds the current median household income.
Monthly Payment Breakdown for Burien
Based on the median home price of $612,000 with 20% down ($122,400), here is what you can expect to pay monthly in Burien:
15-Year vs. 30-Year Mortgage in Burien
Choosing a 15-year mortgage in Burien at 5.99% instead of a 30-year at 6.75% would save you $400,140 in total interest over the life of the loan. However, your monthly payment would be $4,129 instead of $3,176 — an increase of $953 per month.
Calculate Your Burien 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 Burien
What are the current mortgage rates in Burien, WA?
As of March 2026, the average 30-year fixed mortgage rate in Burien, Washington is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Burien?
Based on the median home price of $612,000 with 20% down, the estimated monthly mortgage payment in Burien is $3,176 for principal and interest. Including property taxes of $464/month, the total monthly housing cost is approximately $3,640.
What income do I need to buy a home in Burien?
Using the 28% rule, you would need an annual income of approximately $156,000 to afford the median-priced home in Burien at $612,000. The median household income in Burien is $70,700. This means most households would need to either earn above the median or consider homes below $612,000.
Is Burien a good place to buy a home in 2026?
Burien has a moderate cost of living with a cost of living index of 119 (national average = 100). The property tax rate in Washington is 0.91%, which is near the national average. Burien has a population of 53,100 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Burien, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.