Mortgage Rates in Friendswood, Texas — March 2026
Updated March 2026 | Based on Friendswood market data and regional lending conditions
Friendswood is a growing city in Texas with a population of 41,099. The current 30-year fixed mortgage rate in Friendswood is 6.75%, which is 0.1% above the national average. With a median home price of $265,000 and a 20% down payment of $53,000, homebuyers can expect a monthly principal and interest payment of approximately $1,375.
Current Mortgage Rates in Friendswood, TX
Below are the current average mortgage rates available in the Friendswood 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 | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
Friendswood Housing Market Overview
The Friendswood housing market offers relatively affordable housing compared to many major cities. The median household income in Friendswood is $60,600, and the cost of living index is 95.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $76,457 to comfortably afford the median-priced home in Friendswood, which exceeds the current median household income.
Monthly Payment Breakdown for Friendswood
Based on the median home price of $265,000 with 20% down ($53,000), here is what you can expect to pay monthly in Friendswood:
15-Year vs. 30-Year Mortgage in Friendswood
Choosing a 15-year mortgage in Friendswood at 5.99% instead of a 30-year at 6.75% would save you $173,160 in total interest over the life of the loan. However, your monthly payment would be $1,788 instead of $1,375 — an increase of $413 per month.
Calculate Your Friendswood Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Friendswood
What are the current mortgage rates in Friendswood, TX?
As of March 2026, the average 30-year fixed mortgage rate in Friendswood, Texas is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Friendswood?
Based on the median home price of $265,000 with 20% down, the estimated monthly mortgage payment in Friendswood is $1,375 for principal and interest. Including property taxes of $409/month, the total monthly housing cost is approximately $1,784.
What income do I need to buy a home in Friendswood?
Using the 28% rule, you would need an annual income of approximately $76,457 to afford the median-priced home in Friendswood at $265,000. The median household income in Friendswood is $60,600. This means most households would need to either earn above the median or consider homes below $265,000.
Is Friendswood a good place to buy a home in 2026?
Friendswood offers a below-average cost of living with a cost of living index of 95.4 (national average = 100). The property tax rate in Texas is 1.85%, which is above the national average. Friendswood has a population of 41,099 and offers a balanced lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Friendswood, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.