Mortgage Rates in East St. Louis, Illinois — March 2026
Updated March 2026 | Based on East St. Louis market data and regional lending conditions
East St. Louis is a growing city in Illinois with a population of 24,710. The current 30-year fixed mortgage rate in East St. Louis is 6.67%, which is 0.02% above the national average. With a median home price of $220,000 and a 20% down payment of $44,000, homebuyers can expect a monthly principal and interest payment of approximately $1,132.
Current Mortgage Rates in East St. Louis, IL
Below are the current average mortgage rates available in the East St. Louis 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
East St. Louis Housing Market Overview
The East St. Louis housing market offers relatively affordable housing compared to many major cities. The median household income in East St. Louis is $67,500, and the cost of living index is 90.8 (national average = 100). Based on the 28% affordability rule, the median income in East St. Louis is sufficient to afford the median-priced home.
Monthly Payment Breakdown for East St. Louis
Based on the median home price of $220,000 with 20% down ($44,000), here is what you can expect to pay monthly in East St. Louis:
15-Year vs. 30-Year Mortgage in East St. Louis
Choosing a 15-year mortgage in East St. Louis at 5.92% instead of a 30-year at 6.67% would save you $141,480 in total interest over the life of the loan. However, your monthly payment would be $1,478 instead of $1,132 — an increase of $346 per month.
Calculate Your East St. Louis 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 East St. Louis
What are the current mortgage rates in East St. Louis, IL?
As of March 2026, the average 30-year fixed mortgage rate in East St. Louis, Illinois is 6.67%, while the 15-year fixed rate is 5.92%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in East St. Louis?
Based on the median home price of $220,000 with 20% down, the estimated monthly mortgage payment in East St. Louis is $1,132 for principal and interest. Including property taxes of $359/month, the total monthly housing cost is approximately $1,491.
What income do I need to buy a home in East St. Louis?
Using the 28% rule, you would need an annual income of approximately $63,900 to afford the median-priced home in East St. Louis at $220,000. The median household income in East St. Louis is $67,500. The median income is currently sufficient to meet this threshold.
Is East St. Louis a good place to buy a home in 2026?
East St. Louis offers a below-average cost of living with a cost of living index of 90.8 (national average = 100). The property tax rate in Illinois is 1.96%, which is above the national average. East St. Louis has a population of 24,710 and offers a very affordable lifestyle.
Mortgage Rates in Other Illinois Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the East St. Louis, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.