Mortgage Rates in Edwardsville, Illinois — March 2026
Updated March 2026 | Based on Edwardsville market data and regional lending conditions
Edwardsville is a growing city in Illinois with a population of 25,332. The current 30-year fixed mortgage rate in Edwardsville is 6.24%, which is 0.41% below the national average. With a median home price of $255,000 and a 20% down payment of $51,000, homebuyers can expect a monthly principal and interest payment of approximately $1,255.
Current Mortgage Rates in Edwardsville, IL
Below are the current average mortgage rates available in the Edwardsville 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 | 6.24% | 6.65% | -0.41% |
| 15-Year Fixed | 5.48% | 5.89% | -0.41% |
| 5/1 ARM | 5.74% | 6.15% | -0.41% |
| FHA | 5.84% | 6.25% | -0.41% |
| VA | 5.64% | 6.05% | -0.41% |
| Jumbo | 6.44% | 6.85% | -0.41% |
Edwardsville Housing Market Overview
The Edwardsville housing market offers relatively affordable housing compared to many major cities. The median household income in Edwardsville is $62,000, and the cost of living index is 92 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $69,814 to comfortably afford the median-priced home in Edwardsville, which exceeds the current median household income.
Monthly Payment Breakdown for Edwardsville
Based on the median home price of $255,000 with 20% down ($51,000), here is what you can expect to pay monthly in Edwardsville:
15-Year vs. 30-Year Mortgage in Edwardsville
Choosing a 15-year mortgage in Edwardsville at 5.48% instead of a 30-year at 6.24% would save you $152,100 in total interest over the life of the loan. However, your monthly payment would be $1,665 instead of $1,255 — an increase of $410 per month.
Calculate Your Edwardsville Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Edwardsville
What are the current mortgage rates in Edwardsville, IL?
As of March 2026, the average 30-year fixed mortgage rate in Edwardsville, Illinois is 6.24%, while the 15-year fixed rate is 5.48%. FHA loans average 5.84% and VA loans 5.64%. These rates are 0.41% below the national average of 6.65%.
How much is a monthly mortgage payment in Edwardsville?
Based on the median home price of $255,000 with 20% down, the estimated monthly mortgage payment in Edwardsville is $1,255 for principal and interest. Including property taxes of $374/month, the total monthly housing cost is approximately $1,629.
What income do I need to buy a home in Edwardsville?
Using the 28% rule, you would need an annual income of approximately $69,814 to afford the median-priced home in Edwardsville at $255,000. The median household income in Edwardsville is $62,000. This means most households would need to either earn above the median or consider homes below $255,000.
Is Edwardsville a good place to buy a home in 2026?
Edwardsville offers a below-average cost of living with a cost of living index of 92 (national average = 100). The property tax rate in Illinois is 1.76%, which is above the national average. Edwardsville has a population of 25,332 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 Edwardsville, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.