Mortgage Rates in Eagan, Minnesota — March 2026
Updated March 2026 | Based on Eagan market data and regional lending conditions
Eagan is a growing city in Minnesota with a population of 68,010. The current 30-year fixed mortgage rate in Eagan is 6.73%, which is 0.08% above the national average. With a median home price of $289,000 and a 20% down payment of $57,800, homebuyers can expect a monthly principal and interest payment of approximately $1,496.
Current Mortgage Rates in Eagan, MN
Below are the current average mortgage rates available in the Eagan 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 | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
Eagan Housing Market Overview
The Eagan housing market offers relatively affordable housing compared to many major cities. The median household income in Eagan is $82,000, and the cost of living index is 104.9 (national average = 100). Based on the 28% affordability rule, the median income in Eagan is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Eagan
Based on the median home price of $289,000 with 20% down ($57,800), here is what you can expect to pay monthly in Eagan:
15-Year vs. 30-Year Mortgage in Eagan
Choosing a 15-year mortgage in Eagan at 5.97% instead of a 30-year at 6.73% would save you $188,100 in total interest over the life of the loan. However, your monthly payment would be $1,947 instead of $1,496 — an increase of $451 per month.
Calculate Your Eagan 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 Eagan
What are the current mortgage rates in Eagan, MN?
As of March 2026, the average 30-year fixed mortgage rate in Eagan, Minnesota is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Eagan?
Based on the median home price of $289,000 with 20% down, the estimated monthly mortgage payment in Eagan is $1,496 for principal and interest. Including property taxes of $267/month, the total monthly housing cost is approximately $1,763.
What income do I need to buy a home in Eagan?
Using the 28% rule, you would need an annual income of approximately $75,557 to afford the median-priced home in Eagan at $289,000. The median household income in Eagan is $82,000. The median income is currently sufficient to meet this threshold.
Is Eagan a good place to buy a home in 2026?
Eagan has a moderate cost of living with a cost of living index of 104.9 (national average = 100). The property tax rate in Minnesota is 1.11%, which is near the national average. Eagan has a population of 68,010 and offers a balanced lifestyle.
Mortgage Rates in Other Minnesota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Eagan, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.