Mortgage Rates in Cheltenham, Pennsylvania — March 2026
Updated March 2026 | Based on Cheltenham market data and regional lending conditions
Cheltenham is a growing city in Pennsylvania with a population of 37,126. The current 30-year fixed mortgage rate in Cheltenham is 6.78%, which is 0.13% above the national average. With a median home price of $212,000 and a 20% down payment of $42,400, homebuyers can expect a monthly principal and interest payment of approximately $1,103.
Current Mortgage Rates in Cheltenham, PA
Below are the current average mortgage rates available in the Cheltenham 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.03% | 6.85% | +0.18% |
Cheltenham Housing Market Overview
The Cheltenham housing market offers relatively affordable housing compared to many major cities. The median household income in Cheltenham is $61,800, and the cost of living index is 91.7 (national average = 100). Based on the 28% affordability rule, the median income in Cheltenham is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Cheltenham
Based on the median home price of $212,000 with 20% down ($42,400), here is what you can expect to pay monthly in Cheltenham:
15-Year vs. 30-Year Mortgage in Cheltenham
Choosing a 15-year mortgage in Cheltenham at 6.01% instead of a 30-year at 6.78% would save you $139,320 in total interest over the life of the loan. However, your monthly payment would be $1,432 instead of $1,103 — an increase of $329 per month.
Calculate Your Cheltenham 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 Cheltenham
What are the current mortgage rates in Cheltenham, PA?
As of March 2026, the average 30-year fixed mortgage rate in Cheltenham, Pennsylvania is 6.78%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in Cheltenham?
Based on the median home price of $212,000 with 20% down, the estimated monthly mortgage payment in Cheltenham is $1,103 for principal and interest. Including property taxes of $249/month, the total monthly housing cost is approximately $1,352.
What income do I need to buy a home in Cheltenham?
Using the 28% rule, you would need an annual income of approximately $57,943 to afford the median-priced home in Cheltenham at $212,000. The median household income in Cheltenham is $61,800. The median income is currently sufficient to meet this threshold.
Is Cheltenham a good place to buy a home in 2026?
Cheltenham offers a below-average cost of living with a cost of living index of 91.7 (national average = 100). The property tax rate in Pennsylvania is 1.41%, which is near the national average. Cheltenham has a population of 37,126 and offers a very affordable lifestyle.
Mortgage Rates in Other Pennsylvania Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cheltenham, Pennsylvania area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.