Mortgage Rates in Gresham, Oregon — March 2026
Updated March 2026 | Based on Gresham market data and regional lending conditions
Gresham is a growing city in Oregon with a population of 114,247. The current 30-year fixed mortgage rate in Gresham is 6.6%, which is 0.05% below the national average. With a median home price of $435,000 and a 20% down payment of $87,000, homebuyers can expect a monthly principal and interest payment of approximately $2,223.
Current Mortgage Rates in Gresham, OR
Below are the current average mortgage rates available in the Gresham 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.84% | 5.89% | -0.05% |
| 5/1 ARM | 6.1% | 6.15% | -0.05% |
| FHA | 6.2% | 6.25% | -0.05% |
| VA | 6% | 6.05% | -0.05% |
| Jumbo | 6.8% | 6.85% | -0.05% |
Gresham Housing Market Overview
The Gresham housing market reflects moderate demand with prices near the national average. The median household income in Gresham is $58,250, and the cost of living index is 105.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $110,357 to comfortably afford the median-priced home in Gresham, which exceeds the current median household income.
Monthly Payment Breakdown for Gresham
Based on the median home price of $435,000 with 20% down ($87,000), here is what you can expect to pay monthly in Gresham:
15-Year vs. 30-Year Mortgage in Gresham
Choosing a 15-year mortgage in Gresham at 5.84% instead of a 30-year at 6.6% would save you $277,020 in total interest over the life of the loan. However, your monthly payment would be $2,907 instead of $2,223 — an increase of $684 per month.
Calculate Your Gresham 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 Gresham
What are the current mortgage rates in Gresham, OR?
As of March 2026, the average 30-year fixed mortgage rate in Gresham, Oregon is 6.6%, while the 15-year fixed rate is 5.84%. FHA loans average 6.2% and VA loans 6%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Gresham?
Based on the median home price of $435,000 with 20% down, the estimated monthly mortgage payment in Gresham is $2,223 for principal and interest. Including property taxes of $352/month, the total monthly housing cost is approximately $2,575.
What income do I need to buy a home in Gresham?
Using the 28% rule, you would need an annual income of approximately $110,357 to afford the median-priced home in Gresham at $435,000. The median household income in Gresham is $58,250. This means most households would need to either earn above the median or consider homes below $435,000.
Is Gresham a good place to buy a home in 2026?
Gresham has a moderate cost of living with a cost of living index of 105.5 (national average = 100). The property tax rate in Oregon is 0.97%, which is near the national average. Gresham has a population of 114,247 and offers a balanced lifestyle.
Mortgage Rates in Other Oregon Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Gresham, Oregon area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.