Mortgage Rates in Chillicothe, Ohio — March 2026
Updated March 2026 | Based on Chillicothe market data and regional lending conditions
Chillicothe is a growing city in Ohio with a population of 21,901. The current 30-year fixed mortgage rate in Chillicothe is 6.2%, which is 0.45% below the national average. With a median home price of $125,000 and a 20% down payment of $25,000, homebuyers can expect a monthly principal and interest payment of approximately $613.
Current Mortgage Rates in Chillicothe, OH
Below are the current average mortgage rates available in the Chillicothe 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 | 6.2% | 6.65% | -0.45% |
| 15-Year Fixed | 5.44% | 5.89% | -0.45% |
| 5/1 ARM | 5.7% | 6.15% | -0.45% |
| FHA | 5.8% | 6.25% | -0.45% |
| VA | 5.6% | 6.05% | -0.45% |
| Jumbo | 6.4% | 6.85% | -0.45% |
Chillicothe Housing Market Overview
The Chillicothe housing market offers relatively affordable housing compared to many major cities. The median household income in Chillicothe is $35,000, and the cost of living index is 78 (national average = 100). Based on the 28% affordability rule, the median income in Chillicothe is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Chillicothe
Based on the median home price of $125,000 with 20% down ($25,000), here is what you can expect to pay monthly in Chillicothe:
15-Year vs. 30-Year Mortgage in Chillicothe
Choosing a 15-year mortgage in Chillicothe at 5.44% instead of a 30-year at 6.2% would save you $74,160 in total interest over the life of the loan. However, your monthly payment would be $814 instead of $613 — an increase of $201 per month.
Calculate Your Chillicothe 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 Chillicothe
What are the current mortgage rates in Chillicothe, OH?
As of March 2026, the average 30-year fixed mortgage rate in Chillicothe, Ohio is 6.2%, while the 15-year fixed rate is 5.44%. FHA loans average 5.8% and VA loans 5.6%. These rates are 0.45% below the national average of 6.65%.
How much is a monthly mortgage payment in Chillicothe?
Based on the median home price of $125,000 with 20% down, the estimated monthly mortgage payment in Chillicothe is $613 for principal and interest. Including property taxes of $158/month, the total monthly housing cost is approximately $771.
What income do I need to buy a home in Chillicothe?
Using the 28% rule, you would need an annual income of approximately $33,043 to afford the median-priced home in Chillicothe at $125,000. The median household income in Chillicothe is $35,000. The median income is currently sufficient to meet this threshold.
Is Chillicothe a good place to buy a home in 2026?
Chillicothe offers a below-average cost of living with a cost of living index of 78 (national average = 100). The property tax rate in Ohio is 1.52%, which is above the national average. Chillicothe has a population of 21,901 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Chillicothe, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.