Mortgage Rates in Gaithersburg, Maryland — March 2026
Updated March 2026 | Based on Gaithersburg market data and regional lending conditions
Gaithersburg is a growing city in Maryland with a population of 67,417. The current 30-year fixed mortgage rate in Gaithersburg is 6.7%, which is 0.05% above the national average. With a median home price of $445,000 and a 20% down payment of $89,000, homebuyers can expect a monthly principal and interest payment of approximately $2,297.
Current Mortgage Rates in Gaithersburg, MD
Below are the current average mortgage rates available in the Gaithersburg 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Gaithersburg Housing Market Overview
The Gaithersburg housing market reflects moderate demand with prices near the national average. The median household income in Gaithersburg is $82,250, and the cost of living index is 112.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $115,457 to comfortably afford the median-priced home in Gaithersburg, which exceeds the current median household income.
Monthly Payment Breakdown for Gaithersburg
Based on the median home price of $445,000 with 20% down ($89,000), here is what you can expect to pay monthly in Gaithersburg:
15-Year vs. 30-Year Mortgage in Gaithersburg
Choosing a 15-year mortgage in Gaithersburg at 5.94% instead of a 30-year at 6.7% would save you $288,180 in total interest over the life of the loan. However, your monthly payment would be $2,993 instead of $2,297 — an increase of $696 per month.
Calculate Your Gaithersburg 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 Gaithersburg
What are the current mortgage rates in Gaithersburg, MD?
As of March 2026, the average 30-year fixed mortgage rate in Gaithersburg, Maryland is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Gaithersburg?
Based on the median home price of $445,000 with 20% down, the estimated monthly mortgage payment in Gaithersburg is $2,297 for principal and interest. Including property taxes of $397/month, the total monthly housing cost is approximately $2,694.
What income do I need to buy a home in Gaithersburg?
Using the 28% rule, you would need an annual income of approximately $115,457 to afford the median-priced home in Gaithersburg at $445,000. The median household income in Gaithersburg is $82,250. This means most households would need to either earn above the median or consider homes below $445,000.
Is Gaithersburg a good place to buy a home in 2026?
Gaithersburg has a moderate cost of living with a cost of living index of 112.5 (national average = 100). The property tax rate in Maryland is 1.07%, which is near the national average. Gaithersburg has a population of 67,417 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Gaithersburg, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.