Mortgage Rates in Hilliard, Ohio — March 2026
Updated March 2026 | Based on Hilliard market data and regional lending conditions
Hilliard is a growing city in Ohio with a population of 36,534. The current 30-year fixed mortgage rate in Hilliard is 6.04%, which is 0.61% below the national average. With a median home price of $335,000 and a 20% down payment of $67,000, homebuyers can expect a monthly principal and interest payment of approximately $1,613.
Current Mortgage Rates in Hilliard, OH
Below are the current average mortgage rates available in the Hilliard 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 | 6.04% | 6.65% | -0.61% |
| 15-Year Fixed | 5.28% | 5.89% | -0.61% |
| 5/1 ARM | 5.54% | 6.15% | -0.61% |
| FHA | 5.64% | 6.25% | -0.61% |
| VA | 5.44% | 6.05% | -0.61% |
| Jumbo | 6.24% | 6.85% | -0.61% |
Hilliard Housing Market Overview
The Hilliard housing market reflects moderate demand with prices near the national average. The median household income in Hilliard is $72,000, and the cost of living index is 96 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $88,157 to comfortably afford the median-priced home in Hilliard, which exceeds the current median household income.
Monthly Payment Breakdown for Hilliard
Based on the median home price of $335,000 with 20% down ($67,000), here is what you can expect to pay monthly in Hilliard:
15-Year vs. 30-Year Mortgage in Hilliard
Choosing a 15-year mortgage in Hilliard at 5.28% instead of a 30-year at 6.04% would save you $192,060 in total interest over the life of the loan. However, your monthly payment would be $2,159 instead of $1,613 — an increase of $546 per month.
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Open Free CalculatorFrequently Asked Questions About Mortgages in Hilliard
What are the current mortgage rates in Hilliard, OH?
As of March 2026, the average 30-year fixed mortgage rate in Hilliard, Ohio is 6.04%, while the 15-year fixed rate is 5.28%. FHA loans average 5.64% and VA loans 5.44%. These rates are 0.61% below the national average of 6.65%.
How much is a monthly mortgage payment in Hilliard?
Based on the median home price of $335,000 with 20% down, the estimated monthly mortgage payment in Hilliard is $1,613 for principal and interest. Including property taxes of $444/month, the total monthly housing cost is approximately $2,057.
What income do I need to buy a home in Hilliard?
Using the 28% rule, you would need an annual income of approximately $88,157 to afford the median-priced home in Hilliard at $335,000. The median household income in Hilliard is $72,000. This means most households would need to either earn above the median or consider homes below $335,000.
Is Hilliard a good place to buy a home in 2026?
Hilliard offers a below-average cost of living with a cost of living index of 96 (national average = 100). The property tax rate in Ohio is 1.59%, which is above the national average. Hilliard has a population of 36,534 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 Hilliard, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.