Mortgage Rates in Euclid, Ohio — March 2026
Updated March 2026 | Based on Euclid market data and regional lending conditions
Euclid is a growing city in Ohio with a population of 46,992. The current 30-year fixed mortgage rate in Euclid is 6.87%, which is 0.22% above the national average. With a median home price of $185,000 and a 20% down payment of $37,000, homebuyers can expect a monthly principal and interest payment of approximately $972.
Current Mortgage Rates in Euclid, OH
Below are the current average mortgage rates available in the Euclid 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 | 6.87% | 6.65% | +0.22% |
| 15-Year Fixed | 6.08% | 5.89% | +0.19% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.12% | 6.85% | +0.27% |
Euclid Housing Market Overview
The Euclid housing market offers relatively affordable housing compared to many major cities. The median household income in Euclid is $52,900, and the cost of living index is 86.3 (national average = 100). Based on the 28% affordability rule, the median income in Euclid is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Euclid
Based on the median home price of $185,000 with 20% down ($37,000), here is what you can expect to pay monthly in Euclid:
15-Year vs. 30-Year Mortgage in Euclid
Choosing a 15-year mortgage in Euclid at 6.08% instead of a 30-year at 6.87% would save you $124,020 in total interest over the life of the loan. However, your monthly payment would be $1,255 instead of $972 — an increase of $283 per month.
Calculate Your Euclid 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 Euclid
What are the current mortgage rates in Euclid, OH?
As of March 2026, the average 30-year fixed mortgage rate in Euclid, Ohio is 6.87%, while the 15-year fixed rate is 6.08%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.22% above the national average of 6.65%.
How much is a monthly mortgage payment in Euclid?
Based on the median home price of $185,000 with 20% down, the estimated monthly mortgage payment in Euclid is $972 for principal and interest. Including property taxes of $244/month, the total monthly housing cost is approximately $1,216.
What income do I need to buy a home in Euclid?
Using the 28% rule, you would need an annual income of approximately $52,114 to afford the median-priced home in Euclid at $185,000. The median household income in Euclid is $52,900. The median income is currently sufficient to meet this threshold.
Is Euclid a good place to buy a home in 2026?
Euclid offers a below-average cost of living with a cost of living index of 86.3 (national average = 100). The property tax rate in Ohio is 1.58%, which is above the national average. Euclid has a population of 46,992 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Euclid, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.