Mortgage Rates in Cape Girardeau, Missouri — March 2026
Updated March 2026 | Based on Cape Girardeau market data and regional lending conditions
Cape Girardeau is a growing city in Missouri with a population of 39,540. The current 30-year fixed mortgage rate in Cape Girardeau is 6.76%, which is 0.11% above the national average. With a median home price of $155,000 and a 20% down payment of $31,000, homebuyers can expect a monthly principal and interest payment of approximately $805.
Current Mortgage Rates in Cape Girardeau, MO
Below are the current average mortgage rates available in the Cape Girardeau 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 | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.36% | 6.25% | +0.11% |
| VA | 6.16% | 6.05% | +0.11% |
| Jumbo | 6.96% | 6.85% | +0.11% |
Cape Girardeau Housing Market Overview
The Cape Girardeau housing market offers relatively affordable housing compared to many major cities. The median household income in Cape Girardeau is $38,000, and the cost of living index is 81 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $39,814 to comfortably afford the median-priced home in Cape Girardeau, which exceeds the current median household income.
Monthly Payment Breakdown for Cape Girardeau
Based on the median home price of $155,000 with 20% down ($31,000), here is what you can expect to pay monthly in Cape Girardeau:
15-Year vs. 30-Year Mortgage in Cape Girardeau
Choosing a 15-year mortgage in Cape Girardeau at 6% instead of a 30-year at 6.76% would save you $101,520 in total interest over the life of the loan. However, your monthly payment would be $1,046 instead of $805 — an increase of $241 per month.
Calculate Your Cape Girardeau 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 Cape Girardeau
What are the current mortgage rates in Cape Girardeau, MO?
As of March 2026, the average 30-year fixed mortgage rate in Cape Girardeau, Missouri is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.36% and VA loans 6.16%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Cape Girardeau?
Based on the median home price of $155,000 with 20% down, the estimated monthly mortgage payment in Cape Girardeau is $805 for principal and interest. Including property taxes of $124/month, the total monthly housing cost is approximately $929.
What income do I need to buy a home in Cape Girardeau?
Using the 28% rule, you would need an annual income of approximately $39,814 to afford the median-priced home in Cape Girardeau at $155,000. The median household income in Cape Girardeau is $38,000. This means most households would need to either earn above the median or consider homes below $155,000.
Is Cape Girardeau a good place to buy a home in 2026?
Cape Girardeau offers a below-average cost of living with a cost of living index of 81 (national average = 100). The property tax rate in Missouri is 0.96%, which is near the national average. Cape Girardeau has a population of 39,540 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cape Girardeau, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.