Mortgage Rates in Ellicott City, Maryland — March 2026
Updated March 2026 | Based on Ellicott City market data and regional lending conditions
Ellicott City is a growing city in Maryland with a population of 73,272. The current 30-year fixed mortgage rate in Ellicott City is 6.74%, which is 0.09% above the national average. With a median home price of $429,000 and a 20% down payment of $85,800, homebuyers can expect a monthly principal and interest payment of approximately $2,224.
Current Mortgage Rates in Ellicott City, MD
Below are the current average mortgage rates available in the Ellicott City 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Ellicott City Housing Market Overview
The Ellicott City housing market reflects moderate demand with prices near the national average. The median household income in Ellicott City is $79,300, and the cost of living index is 114.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $112,029 to comfortably afford the median-priced home in Ellicott City, which exceeds the current median household income.
Monthly Payment Breakdown for Ellicott City
Based on the median home price of $429,000 with 20% down ($85,800), here is what you can expect to pay monthly in Ellicott City:
15-Year vs. 30-Year Mortgage in Ellicott City
Choosing a 15-year mortgage in Ellicott City at 5.98% instead of a 30-year at 6.74% would save you $280,080 in total interest over the life of the loan. However, your monthly payment would be $2,892 instead of $2,224 — an increase of $668 per month.
Calculate Your Ellicott City Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Ellicott City
What are the current mortgage rates in Ellicott City, MD?
As of March 2026, the average 30-year fixed mortgage rate in Ellicott City, Maryland is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Ellicott City?
Based on the median home price of $429,000 with 20% down, the estimated monthly mortgage payment in Ellicott City is $2,224 for principal and interest. Including property taxes of $390/month, the total monthly housing cost is approximately $2,614.
What income do I need to buy a home in Ellicott City?
Using the 28% rule, you would need an annual income of approximately $112,029 to afford the median-priced home in Ellicott City at $429,000. The median household income in Ellicott City is $79,300. This means most households would need to either earn above the median or consider homes below $429,000.
Is Ellicott City a good place to buy a home in 2026?
Ellicott City has a moderate cost of living with a cost of living index of 114.2 (national average = 100). The property tax rate in Maryland is 1.09%, which is near the national average. Ellicott City has a population of 73,272 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ellicott City, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.