Mortgage Rates in Hannibal, Missouri — March 2026
Updated March 2026 | Based on Hannibal market data and regional lending conditions
Hannibal is a growing city in Missouri with a population of 17,526. The current 30-year fixed mortgage rate in Hannibal is 6.62%, which is 0.03% below the national average. With a median home price of $196,000 and a 20% down payment of $39,200, homebuyers can expect a monthly principal and interest payment of approximately $1,003.
Current Mortgage Rates in Hannibal, MO
Below are the current average mortgage rates available in the Hannibal 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 | 6.62% | 6.65% | -0.03% |
| 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 | 6.87% | 6.85% | +0.02% |
Hannibal Housing Market Overview
The Hannibal housing market offers relatively affordable housing compared to many major cities. The median household income in Hannibal is $55,600, and the cost of living index is 78.8 (national average = 100). Based on the 28% affordability rule, the median income in Hannibal is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Hannibal
Based on the median home price of $196,000 with 20% down ($39,200), here is what you can expect to pay monthly in Hannibal:
15-Year vs. 30-Year Mortgage in Hannibal
Choosing a 15-year mortgage in Hannibal at 5.88% instead of a 30-year at 6.62% would save you $124,740 in total interest over the life of the loan. However, your monthly payment would be $1,313 instead of $1,003 — an increase of $310 per month.
Calculate Your Hannibal 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 Hannibal
What are the current mortgage rates in Hannibal, MO?
As of March 2026, the average 30-year fixed mortgage rate in Hannibal, Missouri is 6.62%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Hannibal?
Based on the median home price of $196,000 with 20% down, the estimated monthly mortgage payment in Hannibal is $1,003 for principal and interest. Including property taxes of $154/month, the total monthly housing cost is approximately $1,157.
What income do I need to buy a home in Hannibal?
Using the 28% rule, you would need an annual income of approximately $49,586 to afford the median-priced home in Hannibal at $196,000. The median household income in Hannibal is $55,600. The median income is currently sufficient to meet this threshold.
Is Hannibal a good place to buy a home in 2026?
Hannibal offers a below-average cost of living with a cost of living index of 78.8 (national average = 100). The property tax rate in Missouri is 0.94%, which is near the national average. Hannibal has a population of 17,526 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hannibal, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.