Mortgage Rates in Edmonds, Washington — March 2026
Updated March 2026 | Based on Edmonds market data and regional lending conditions
Edmonds is a growing city in Washington with a population of 42,347. The current 30-year fixed mortgage rate in Edmonds is 6.84%, which is 0.19% above the national average. With a median home price of $590,000 and a 20% down payment of $118,000, homebuyers can expect a monthly principal and interest payment of approximately $3,090.
Current Mortgage Rates in Edmonds, WA
Below are the current average mortgage rates available in the Edmonds 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Edmonds Housing Market Overview
The Edmonds housing market is competitive with prices well above the national median. The median household income in Edmonds is $68,600, and the cost of living index is 111.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $153,300 to comfortably afford the median-priced home in Edmonds, which exceeds the current median household income.
Monthly Payment Breakdown for Edmonds
Based on the median home price of $590,000 with 20% down ($118,000), here is what you can expect to pay monthly in Edmonds:
15-Year vs. 30-Year Mortgage in Edmonds
Choosing a 15-year mortgage in Edmonds at 6.06% instead of a 30-year at 6.84% would save you $392,760 in total interest over the life of the loan. However, your monthly payment would be $3,998 instead of $3,090 — an increase of $908 per month.
Calculate Your Edmonds 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 Edmonds
What are the current mortgage rates in Edmonds, WA?
As of March 2026, the average 30-year fixed mortgage rate in Edmonds, Washington is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Edmonds?
Based on the median home price of $590,000 with 20% down, the estimated monthly mortgage payment in Edmonds is $3,090 for principal and interest. Including property taxes of $487/month, the total monthly housing cost is approximately $3,577.
What income do I need to buy a home in Edmonds?
Using the 28% rule, you would need an annual income of approximately $153,300 to afford the median-priced home in Edmonds at $590,000. The median household income in Edmonds is $68,600. This means most households would need to either earn above the median or consider homes below $590,000.
Is Edmonds a good place to buy a home in 2026?
Edmonds has a moderate cost of living with a cost of living index of 111.5 (national average = 100). The property tax rate in Washington is 0.99%, which is near the national average. Edmonds has a population of 42,347 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Edmonds, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.