Mortgage Rates in College Station, Texas — March 2026
Updated March 2026 | Based on College Station market data and regional lending conditions
College Station is a growing city in Texas with a population of 120,511. The current 30-year fixed mortgage rate in College Station is 6.7%, which is 0.05% above the national average. With a median home price of $275,000 and a 20% down payment of $55,000, homebuyers can expect a monthly principal and interest payment of approximately $1,420.
Current Mortgage Rates in College Station, TX
Below are the current average mortgage rates available in the College Station 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
College Station Housing Market Overview
The College Station housing market offers relatively affordable housing compared to many major cities. The median household income in College Station is $38,250, and the cost of living index is 88.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $78,557 to comfortably afford the median-priced home in College Station, which exceeds the current median household income.
Monthly Payment Breakdown for College Station
Based on the median home price of $275,000 with 20% down ($55,000), here is what you can expect to pay monthly in College Station:
15-Year vs. 30-Year Mortgage in College Station
Choosing a 15-year mortgage in College Station at 5.94% instead of a 30-year at 6.7% would save you $178,380 in total interest over the life of the loan. However, your monthly payment would be $1,849 instead of $1,420 — an increase of $429 per month.
Calculate Your College Station Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in College Station
What are the current mortgage rates in College Station, TX?
As of March 2026, the average 30-year fixed mortgage rate in College Station, Texas is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in College Station?
Based on the median home price of $275,000 with 20% down, the estimated monthly mortgage payment in College Station is $1,420 for principal and interest. Including property taxes of $413/month, the total monthly housing cost is approximately $1,833.
What income do I need to buy a home in College Station?
Using the 28% rule, you would need an annual income of approximately $78,557 to afford the median-priced home in College Station at $275,000. The median household income in College Station is $38,250. This means most households would need to either earn above the median or consider homes below $275,000.
Is College Station a good place to buy a home in 2026?
College Station offers a below-average cost of living with a cost of living index of 88.5 (national average = 100). The property tax rate in Texas is 1.8%, which is above the national average. College Station has a population of 120,511 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the College Station, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.