Mortgage Rates in Granville, Ohio — March 2026
Updated March 2026 | Based on Granville market data and regional lending conditions
Granville is a growing city in Ohio with a population of 5,589. The current 30-year fixed mortgage rate in Granville is 6.79%, which is 0.14% above the national average. With a median home price of $365,000 and a 20% down payment of $73,000, homebuyers can expect a monthly principal and interest payment of approximately $1,902.
Current Mortgage Rates in Granville, OH
Below are the current average mortgage rates available in the Granville 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 | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.39% | 6.25% | +0.14% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Granville Housing Market Overview
The Granville housing market reflects moderate demand with prices near the national average. The median household income in Granville is $75,000, and the cost of living index is 100 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $101,700 to comfortably afford the median-priced home in Granville, which exceeds the current median household income.
Monthly Payment Breakdown for Granville
Based on the median home price of $365,000 with 20% down ($73,000), here is what you can expect to pay monthly in Granville:
15-Year vs. 30-Year Mortgage in Granville
Choosing a 15-year mortgage in Granville at 6.03% instead of a 30-year at 6.79% would save you $240,300 in total interest over the life of the loan. However, your monthly payment would be $2,469 instead of $1,902 — an increase of $567 per month.
Calculate Your Granville 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 Granville
What are the current mortgage rates in Granville, OH?
As of March 2026, the average 30-year fixed mortgage rate in Granville, Ohio is 6.79%, while the 15-year fixed rate is 6.03%. FHA loans average 6.39% and VA loans 6.19%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Granville?
Based on the median home price of $365,000 with 20% down, the estimated monthly mortgage payment in Granville is $1,902 for principal and interest. Including property taxes of $471/month, the total monthly housing cost is approximately $2,373.
What income do I need to buy a home in Granville?
Using the 28% rule, you would need an annual income of approximately $101,700 to afford the median-priced home in Granville at $365,000. The median household income in Granville is $75,000. This means most households would need to either earn above the median or consider homes below $365,000.
Is Granville a good place to buy a home in 2026?
Granville offers a below-average cost of living with a cost of living index of 100 (national average = 100). The property tax rate in Ohio is 1.55%, which is above the national average. Granville has a population of 5,589 and offers a balanced lifestyle.
Mortgage Rates in Other Ohio Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Granville, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.