Mortgage Rates in Davis, California — March 2026
Updated March 2026 | Based on Davis market data and regional lending conditions
Davis is a growing city in California with a population of 68,640. The current 30-year fixed mortgage rate in Davis is 6.65%, which is at the national average. With a median home price of $851,000 and a 20% down payment of $170,200, homebuyers can expect a monthly principal and interest payment of approximately $4,370.
Current Mortgage Rates in Davis, CA
Below are the current average mortgage rates available in the Davis 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Davis Housing Market Overview
The Davis housing market is competitive with prices well above the national median. The median household income in Davis is $82,400, and the cost of living index is 156.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $210,386 to comfortably afford the median-priced home in Davis, which exceeds the current median household income.
Monthly Payment Breakdown for Davis
Based on the median home price of $851,000 with 20% down ($170,200), here is what you can expect to pay monthly in Davis:
15-Year vs. 30-Year Mortgage in Davis
Choosing a 15-year mortgage in Davis at 5.91% instead of a 30-year at 6.65% would save you $545,040 in total interest over the life of the loan. However, your monthly payment would be $5,712 instead of $4,370 — an increase of $1,342 per month.
Calculate Your Davis 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 Davis
What are the current mortgage rates in Davis, CA?
As of March 2026, the average 30-year fixed mortgage rate in Davis, California is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Davis?
Based on the median home price of $851,000 with 20% down, the estimated monthly mortgage payment in Davis is $4,370 for principal and interest. Including property taxes of $539/month, the total monthly housing cost is approximately $4,909.
What income do I need to buy a home in Davis?
Using the 28% rule, you would need an annual income of approximately $210,386 to afford the median-priced home in Davis at $851,000. The median household income in Davis is $82,400. This means most households would need to either earn above the median or consider homes below $851,000.
Is Davis a good place to buy a home in 2026?
Davis has a higher cost of living than average with a cost of living index of 156.9 (national average = 100). The property tax rate in California is 0.76%, which is below the national average. Davis has a population of 68,640 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Davis, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.