Mortgage Rates in Hazard, Kentucky — March 2026
Updated March 2026 | Based on Hazard market data and regional lending conditions
Hazard is a growing city in Kentucky with a population of 5,379. The current 30-year fixed mortgage rate in Hazard is 6.74%, which is 0.09% above the national average. With a median home price of $154,000 and a 20% down payment of $30,800, homebuyers can expect a monthly principal and interest payment of approximately $798.
Current Mortgage Rates in Hazard, KY
Below are the current average mortgage rates available in the Hazard 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Hazard Housing Market Overview
The Hazard housing market offers relatively affordable housing compared to many major cities. The median household income in Hazard is $45,600, and the cost of living index is 81.9 (national average = 100). Based on the 28% affordability rule, the median income in Hazard is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Hazard
Based on the median home price of $154,000 with 20% down ($30,800), here is what you can expect to pay monthly in Hazard:
15-Year vs. 30-Year Mortgage in Hazard
Choosing a 15-year mortgage in Hazard at 5.98% instead of a 30-year at 6.74% would save you $100,440 in total interest over the life of the loan. However, your monthly payment would be $1,038 instead of $798 — an increase of $240 per month.
Calculate Your Hazard 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 Hazard
What are the current mortgage rates in Hazard, KY?
As of March 2026, the average 30-year fixed mortgage rate in Hazard, Kentucky is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Hazard?
Based on the median home price of $154,000 with 20% down, the estimated monthly mortgage payment in Hazard is $798 for principal and interest. Including property taxes of $104/month, the total monthly housing cost is approximately $902.
What income do I need to buy a home in Hazard?
Using the 28% rule, you would need an annual income of approximately $38,657 to afford the median-priced home in Hazard at $154,000. The median household income in Hazard is $45,600. The median income is currently sufficient to meet this threshold.
Is Hazard a good place to buy a home in 2026?
Hazard offers a below-average cost of living with a cost of living index of 81.9 (national average = 100). The property tax rate in Kentucky is 0.81%, which is near the national average. Hazard has a population of 5,379 and offers a very affordable lifestyle.
Mortgage Rates in Other Kentucky Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hazard, Kentucky area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.