Mortgage Rates in Cedar City, Utah — March 2026
Updated March 2026 | Based on Cedar City market data and regional lending conditions
Cedar City is a growing city in Utah with a population of 35,840. The current 30-year fixed mortgage rate in Cedar City is 6.52%, which is 0.13% below the national average. With a median home price of $345,000 and a 20% down payment of $69,000, homebuyers can expect a monthly principal and interest payment of approximately $1,749.
Current Mortgage Rates in Cedar City, UT
Below are the current average mortgage rates available in the Cedar City 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 | 6.52% | 6.65% | -0.13% |
| 15-Year Fixed | 5.76% | 5.89% | -0.13% |
| 5/1 ARM | 6.02% | 6.15% | -0.13% |
| FHA | 6.12% | 6.25% | -0.13% |
| VA | 5.92% | 6.05% | -0.13% |
| Jumbo | 6.72% | 6.85% | -0.13% |
Cedar City Housing Market Overview
The Cedar City housing market reflects moderate demand with prices near the national average. The median household income in Cedar City is $42,000, and the cost of living index is 92 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $81,986 to comfortably afford the median-priced home in Cedar City, which exceeds the current median household income.
Monthly Payment Breakdown for Cedar City
Based on the median home price of $345,000 with 20% down ($69,000), here is what you can expect to pay monthly in Cedar City:
15-Year vs. 30-Year Mortgage in Cedar City
Choosing a 15-year mortgage in Cedar City at 5.76% instead of a 30-year at 6.52% would save you $216,900 in total interest over the life of the loan. However, your monthly payment would be $2,293 instead of $1,749 — an increase of $544 per month.
Calculate Your Cedar City 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 Cedar City
What are the current mortgage rates in Cedar City, UT?
As of March 2026, the average 30-year fixed mortgage rate in Cedar City, Utah is 6.52%, while the 15-year fixed rate is 5.76%. FHA loans average 6.12% and VA loans 5.92%. These rates are 0.13% below the national average of 6.65%.
How much is a monthly mortgage payment in Cedar City?
Based on the median home price of $345,000 with 20% down, the estimated monthly mortgage payment in Cedar City is $1,749 for principal and interest. Including property taxes of $164/month, the total monthly housing cost is approximately $1,913.
What income do I need to buy a home in Cedar City?
Using the 28% rule, you would need an annual income of approximately $81,986 to afford the median-priced home in Cedar City at $345,000. The median household income in Cedar City is $42,000. This means most households would need to either earn above the median or consider homes below $345,000.
Is Cedar City a good place to buy a home in 2026?
Cedar City offers a below-average cost of living with a cost of living index of 92 (national average = 100). The property tax rate in Utah is 0.57%, which is below the national average. Cedar City has a population of 35,840 and offers a very affordable lifestyle.
Mortgage Rates in Other Utah Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cedar City, Utah area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.