Mortgage Rates in Cordova, Alaska — March 2026
Updated March 2026 | Based on Cordova market data and regional lending conditions
Cordova is a growing city in Alaska with a population of 2,609. The current 30-year fixed mortgage rate in Cordova is 6.76%, which is 0.11% above the national average. With a median home price of $227,000 and a 20% down payment of $45,400, homebuyers can expect a monthly principal and interest payment of approximately $1,179.
Current Mortgage Rates in Cordova, AK
Below are the current average mortgage rates available in the Cordova 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 | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Cordova Housing Market Overview
The Cordova housing market offers relatively affordable housing compared to many major cities. The median household income in Cordova is $76,800, and the cost of living index is 116.2 (national average = 100). Based on the 28% affordability rule, the median income in Cordova is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Cordova
Based on the median home price of $227,000 with 20% down ($45,400), here is what you can expect to pay monthly in Cordova:
15-Year vs. 30-Year Mortgage in Cordova
Choosing a 15-year mortgage in Cordova at 6% instead of a 30-year at 6.76% would save you $148,680 in total interest over the life of the loan. However, your monthly payment would be $1,532 instead of $1,179 — an increase of $353 per month.
Calculate Your Cordova 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 Cordova
What are the current mortgage rates in Cordova, AK?
As of March 2026, the average 30-year fixed mortgage rate in Cordova, Alaska is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Cordova?
Based on the median home price of $227,000 with 20% down, the estimated monthly mortgage payment in Cordova is $1,179 for principal and interest. Including property taxes of $185/month, the total monthly housing cost is approximately $1,364.
What income do I need to buy a home in Cordova?
Using the 28% rule, you would need an annual income of approximately $58,457 to afford the median-priced home in Cordova at $227,000. The median household income in Cordova is $76,800. The median income is currently sufficient to meet this threshold.
Is Cordova a good place to buy a home in 2026?
Cordova has a moderate cost of living with a cost of living index of 116.2 (national average = 100). The property tax rate in Alaska is 0.98%, which is near the national average. Cordova has a population of 2,609 and offers a balanced lifestyle.
Mortgage Rates in Other Alaska Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cordova, Alaska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.