Mortgage Rates in Eloy, Arizona — March 2026
Updated March 2026 | Based on Eloy market data and regional lending conditions
Eloy is a growing city in Arizona with a population of 18,813. The current 30-year fixed mortgage rate in Eloy is 6.84%, which is 0.19% above the national average. With a median home price of $364,000 and a 20% down payment of $72,800, homebuyers can expect a monthly principal and interest payment of approximately $1,906.
Current Mortgage Rates in Eloy, AZ
Below are the current average mortgage rates available in the Eloy 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 | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Eloy Housing Market Overview
The Eloy housing market reflects moderate demand with prices near the national average. The median household income in Eloy is $64,700, and the cost of living index is 93.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $90,257 to comfortably afford the median-priced home in Eloy, which exceeds the current median household income.
Monthly Payment Breakdown for Eloy
Based on the median home price of $364,000 with 20% down ($72,800), here is what you can expect to pay monthly in Eloy:
15-Year vs. 30-Year Mortgage in Eloy
Choosing a 15-year mortgage in Eloy at 6.06% instead of a 30-year at 6.84% would save you $242,100 in total interest over the life of the loan. However, your monthly payment would be $2,467 instead of $1,906 — an increase of $561 per month.
Calculate Your Eloy 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 Eloy
What are the current mortgage rates in Eloy, AZ?
As of March 2026, the average 30-year fixed mortgage rate in Eloy, Arizona is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Eloy?
Based on the median home price of $364,000 with 20% down, the estimated monthly mortgage payment in Eloy is $1,906 for principal and interest. Including property taxes of $200/month, the total monthly housing cost is approximately $2,106.
What income do I need to buy a home in Eloy?
Using the 28% rule, you would need an annual income of approximately $90,257 to afford the median-priced home in Eloy at $364,000. The median household income in Eloy is $64,700. This means most households would need to either earn above the median or consider homes below $364,000.
Is Eloy a good place to buy a home in 2026?
Eloy offers a below-average cost of living with a cost of living index of 93.9 (national average = 100). The property tax rate in Arizona is 0.66%, which is below the national average. Eloy has a population of 18,813 and offers a very affordable lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Eloy, Arizona area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.