Mortgage Rates in Fairmont, West Virginia — March 2026
Updated March 2026 | Based on Fairmont market data and regional lending conditions
Fairmont is a growing city in West Virginia with a population of 18,427. The current 30-year fixed mortgage rate in Fairmont is 6.61%, which is 0.04% below the national average. With a median home price of $125,000 and a 20% down payment of $25,000, homebuyers can expect a monthly principal and interest payment of approximately $639.
Current Mortgage Rates in Fairmont, WV
Below are the current average mortgage rates available in the Fairmont 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Fairmont Housing Market Overview
The Fairmont housing market offers relatively affordable housing compared to many major cities. The median household income in Fairmont is $43,300, and the cost of living index is 78.4 (national average = 100). Based on the 28% affordability rule, the median income in Fairmont is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Fairmont
Based on the median home price of $125,000 with 20% down ($25,000), here is what you can expect to pay monthly in Fairmont:
15-Year vs. 30-Year Mortgage in Fairmont
Choosing a 15-year mortgage in Fairmont at 5.88% instead of a 30-year at 6.61% would save you $79,380 in total interest over the life of the loan. However, your monthly payment would be $837 instead of $639 — an increase of $198 per month.
Calculate Your Fairmont 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 Fairmont
What are the current mortgage rates in Fairmont, WV?
As of March 2026, the average 30-year fixed mortgage rate in Fairmont, West Virginia is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Fairmont?
Based on the median home price of $125,000 with 20% down, the estimated monthly mortgage payment in Fairmont is $639 for principal and interest. Including property taxes of $61/month, the total monthly housing cost is approximately $700.
What income do I need to buy a home in Fairmont?
Using the 28% rule, you would need an annual income of approximately $30,000 to afford the median-priced home in Fairmont at $125,000. The median household income in Fairmont is $43,300. The median income is currently sufficient to meet this threshold.
Is Fairmont a good place to buy a home in 2026?
Fairmont offers a below-average cost of living with a cost of living index of 78.4 (national average = 100). The property tax rate in West Virginia is 0.59%, which is below the national average. Fairmont has a population of 18,427 and offers a very affordable lifestyle.
Mortgage Rates in Other West Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Fairmont, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.