Mortgage Rates in Eugene, Oregon — March 2026
Updated March 2026 | Based on Eugene market data and regional lending conditions
Eugene is a growing city in Oregon with a population of 176,654. The current 30-year fixed mortgage rate in Eugene is 6.6%, which is 0.05% below the national average. With a median home price of $425,000 and a 20% down payment of $85,000, homebuyers can expect a monthly principal and interest payment of approximately $2,171.
Current Mortgage Rates in Eugene, OR
Below are the current average mortgage rates available in the Eugene 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.84% | 5.89% | -0.05% |
| 5/1 ARM | 6.1% | 6.15% | -0.05% |
| FHA | 6.2% | 6.25% | -0.05% |
| VA | 6% | 6.05% | -0.05% |
| Jumbo | 6.8% | 6.85% | -0.05% |
Eugene Housing Market Overview
The Eugene housing market reflects moderate demand with prices near the national average. The median household income in Eugene is $49,250, and the cost of living index is 108.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $107,786 to comfortably afford the median-priced home in Eugene, which exceeds the current median household income.
Monthly Payment Breakdown for Eugene
Based on the median home price of $425,000 with 20% down ($85,000), here is what you can expect to pay monthly in Eugene:
15-Year vs. 30-Year Mortgage in Eugene
Choosing a 15-year mortgage in Eugene at 5.84% instead of a 30-year at 6.6% would save you $270,360 in total interest over the life of the loan. However, your monthly payment would be $2,840 instead of $2,171 — an increase of $669 per month.
Calculate Your Eugene 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 Eugene
What are the current mortgage rates in Eugene, OR?
As of March 2026, the average 30-year fixed mortgage rate in Eugene, Oregon is 6.6%, while the 15-year fixed rate is 5.84%. FHA loans average 6.2% and VA loans 6%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Eugene?
Based on the median home price of $425,000 with 20% down, the estimated monthly mortgage payment in Eugene is $2,171 for principal and interest. Including property taxes of $344/month, the total monthly housing cost is approximately $2,515.
What income do I need to buy a home in Eugene?
Using the 28% rule, you would need an annual income of approximately $107,786 to afford the median-priced home in Eugene at $425,000. The median household income in Eugene is $49,250. This means most households would need to either earn above the median or consider homes below $425,000.
Is Eugene a good place to buy a home in 2026?
Eugene has a moderate cost of living with a cost of living index of 108.5 (national average = 100). The property tax rate in Oregon is 0.97%, which is near the national average. Eugene has a population of 176,654 and offers a balanced lifestyle.
Mortgage Rates in Other Oregon Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Eugene, Oregon area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.