Mortgage Rates in El Mirage, Arizona — March 2026
Updated March 2026 | Based on El Mirage market data and regional lending conditions
El Mirage is a growing city in Arizona with a population of 35,680. The current 30-year fixed mortgage rate in El Mirage is 6.81%, which is 0.16% above the national average. With a median home price of $379,000 and a 20% down payment of $75,800, homebuyers can expect a monthly principal and interest payment of approximately $1,979.
Current Mortgage Rates in El Mirage, AZ
Below are the current average mortgage rates available in the El Mirage 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
El Mirage Housing Market Overview
The El Mirage housing market reflects moderate demand with prices near the national average. The median household income in El Mirage is $60,100, and the cost of living index is 102.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $93,343 to comfortably afford the median-priced home in El Mirage, which exceeds the current median household income.
Monthly Payment Breakdown for El Mirage
Based on the median home price of $379,000 with 20% down ($75,800), here is what you can expect to pay monthly in El Mirage:
15-Year vs. 30-Year Mortgage in El Mirage
Choosing a 15-year mortgage in El Mirage at 6.03% instead of a 30-year at 6.81% would save you $251,100 in total interest over the life of the loan. However, your monthly payment would be $2,563 instead of $1,979 — an increase of $584 per month.
Calculate Your El Mirage 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 El Mirage
What are the current mortgage rates in El Mirage, AZ?
As of March 2026, the average 30-year fixed mortgage rate in El Mirage, Arizona is 6.81%, while the 15-year fixed rate is 6.03%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in El Mirage?
Based on the median home price of $379,000 with 20% down, the estimated monthly mortgage payment in El Mirage is $1,979 for principal and interest. Including property taxes of $199/month, the total monthly housing cost is approximately $2,178.
What income do I need to buy a home in El Mirage?
Using the 28% rule, you would need an annual income of approximately $93,343 to afford the median-priced home in El Mirage at $379,000. The median household income in El Mirage is $60,100. This means most households would need to either earn above the median or consider homes below $379,000.
Is El Mirage a good place to buy a home in 2026?
El Mirage has a moderate cost of living with a cost of living index of 102.3 (national average = 100). The property tax rate in Arizona is 0.63%, which is below the national average. El Mirage has a population of 35,680 and offers a balanced lifestyle.
Mortgage Rates in Other Arizona Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the El Mirage, Arizona area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.