Mortgage Rates in Canby, Oregon — March 2026
Updated March 2026 | Based on Canby market data and regional lending conditions
Canby is a growing city in Oregon with a population of 18,340. The current 30-year fixed mortgage rate in Canby is 6.65%, which is at the national average. With a median home price of $394,000 and a 20% down payment of $78,800, homebuyers can expect a monthly principal and interest payment of approximately $2,023.
Current Mortgage Rates in Canby, OR
Below are the current average mortgage rates available in the Canby 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Canby Housing Market Overview
The Canby housing market reflects moderate demand with prices near the national average. The median household income in Canby is $67,400, and the cost of living index is 113.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $99,386 to comfortably afford the median-priced home in Canby, which exceeds the current median household income.
Monthly Payment Breakdown for Canby
Based on the median home price of $394,000 with 20% down ($78,800), here is what you can expect to pay monthly in Canby:
15-Year vs. 30-Year Mortgage in Canby
Choosing a 15-year mortgage in Canby at 5.91% instead of a 30-year at 6.65% would save you $252,180 in total interest over the life of the loan. However, your monthly payment would be $2,645 instead of $2,023 — an increase of $622 per month.
Calculate Your Canby 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 Canby
What are the current mortgage rates in Canby, OR?
As of March 2026, the average 30-year fixed mortgage rate in Canby, Oregon is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Canby?
Based on the median home price of $394,000 with 20% down, the estimated monthly mortgage payment in Canby is $2,023 for principal and interest. Including property taxes of $296/month, the total monthly housing cost is approximately $2,319.
What income do I need to buy a home in Canby?
Using the 28% rule, you would need an annual income of approximately $99,386 to afford the median-priced home in Canby at $394,000. The median household income in Canby is $67,400. This means most households would need to either earn above the median or consider homes below $394,000.
Is Canby a good place to buy a home in 2026?
Canby has a moderate cost of living with a cost of living index of 113.3 (national average = 100). The property tax rate in Oregon is 0.9%, which is near the national average. Canby has a population of 18,340 and offers a balanced lifestyle.
Mortgage Rates in Other Oregon Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Canby, Oregon area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.