Mortgage Rates in Centreville, Virginia — March 2026
Updated March 2026 | Based on Centreville market data and regional lending conditions
Centreville is a growing city in Virginia with a population of 74,785. The current 30-year fixed mortgage rate in Centreville is 6.67%, which is 0.02% above the national average. With a median home price of $402,000 and a 20% down payment of $80,400, homebuyers can expect a monthly principal and interest payment of approximately $2,069.
Current Mortgage Rates in Centreville, VA
Below are the current average mortgage rates available in the Centreville 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Centreville Housing Market Overview
The Centreville housing market reflects moderate demand with prices near the national average. The median household income in Centreville is $83,300, and the cost of living index is 108 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $100,886 to comfortably afford the median-priced home in Centreville, which exceeds the current median household income.
Monthly Payment Breakdown for Centreville
Based on the median home price of $402,000 with 20% down ($80,400), here is what you can expect to pay monthly in Centreville:
15-Year vs. 30-Year Mortgage in Centreville
Choosing a 15-year mortgage in Centreville at 5.93% instead of a 30-year at 6.67% would save you $258,480 in total interest over the life of the loan. However, your monthly payment would be $2,702 instead of $2,069 — an increase of $633 per month.
Calculate Your Centreville 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 Centreville
What are the current mortgage rates in Centreville, VA?
As of March 2026, the average 30-year fixed mortgage rate in Centreville, Virginia is 6.67%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Centreville?
Based on the median home price of $402,000 with 20% down, the estimated monthly mortgage payment in Centreville is $2,069 for principal and interest. Including property taxes of $285/month, the total monthly housing cost is approximately $2,354.
What income do I need to buy a home in Centreville?
Using the 28% rule, you would need an annual income of approximately $100,886 to afford the median-priced home in Centreville at $402,000. The median household income in Centreville is $83,300. This means most households would need to either earn above the median or consider homes below $402,000.
Is Centreville a good place to buy a home in 2026?
Centreville has a moderate cost of living with a cost of living index of 108 (national average = 100). The property tax rate in Virginia is 0.85%, which is near the national average. Centreville has a population of 74,785 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 Centreville, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.