Mortgage Rates in Evanston, Wyoming — March 2026
Updated March 2026 | Based on Evanston market data and regional lending conditions
Evanston is a growing city in Wyoming with a population of 11,824. The current 30-year fixed mortgage rate in Evanston is 6.08%, which is 0.57% below the national average. With a median home price of $225,000 and a 20% down payment of $45,000, homebuyers can expect a monthly principal and interest payment of approximately $1,089.
Current Mortgage Rates in Evanston, WY
Below are the current average mortgage rates available in the Evanston 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 | 6.08% | 6.65% | -0.57% |
| 15-Year Fixed | 5.32% | 5.89% | -0.57% |
| 5/1 ARM | 5.58% | 6.15% | -0.57% |
| FHA | 5.68% | 6.25% | -0.57% |
| VA | 5.48% | 6.05% | -0.57% |
| Jumbo | 6.28% | 6.85% | -0.57% |
Evanston Housing Market Overview
The Evanston housing market offers relatively affordable housing compared to many major cities. The median household income in Evanston is $48,000, and the cost of living index is 86 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $51,643 to comfortably afford the median-priced home in Evanston, which exceeds the current median household income.
Monthly Payment Breakdown for Evanston
Based on the median home price of $225,000 with 20% down ($45,000), here is what you can expect to pay monthly in Evanston:
15-Year vs. 30-Year Mortgage in Evanston
Choosing a 15-year mortgage in Evanston at 5.32% instead of a 30-year at 6.08% would save you $130,320 in total interest over the life of the loan. However, your monthly payment would be $1,454 instead of $1,089 — an increase of $365 per month.
Calculate Your Evanston 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 Evanston
What are the current mortgage rates in Evanston, WY?
As of March 2026, the average 30-year fixed mortgage rate in Evanston, Wyoming is 6.08%, while the 15-year fixed rate is 5.32%. FHA loans average 5.68% and VA loans 5.48%. These rates are 0.57% below the national average of 6.65%.
How much is a monthly mortgage payment in Evanston?
Based on the median home price of $225,000 with 20% down, the estimated monthly mortgage payment in Evanston is $1,089 for principal and interest. Including property taxes of $116/month, the total monthly housing cost is approximately $1,205.
What income do I need to buy a home in Evanston?
Using the 28% rule, you would need an annual income of approximately $51,643 to afford the median-priced home in Evanston at $225,000. The median household income in Evanston is $48,000. This means most households would need to either earn above the median or consider homes below $225,000.
Is Evanston a good place to buy a home in 2026?
Evanston offers a below-average cost of living with a cost of living index of 86 (national average = 100). The property tax rate in Wyoming is 0.62%, which is below the national average. Evanston has a population of 11,824 and offers a very affordable lifestyle.
Mortgage Rates in Other Wyoming Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Evanston, Wyoming area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.