Mortgage Rates in Indiana, Pennsylvania — March 2026
Updated March 2026 | Based on Indiana market data and regional lending conditions
Indiana is a growing city in Pennsylvania with a population of 13,090. The current 30-year fixed mortgage rate in Indiana is 6.79%, which is 0.14% above the national average. With a median home price of $187,000 and a 20% down payment of $37,400, homebuyers can expect a monthly principal and interest payment of approximately $974.
Current Mortgage Rates in Indiana, PA
Below are the current average mortgage rates available in the Indiana 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 | 6.28% | 6.15% | +0.13% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Indiana Housing Market Overview
The Indiana housing market offers relatively affordable housing compared to many major cities. The median household income in Indiana is $64,600, and the cost of living index is 89.7 (national average = 100). Based on the 28% affordability rule, the median income in Indiana is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Indiana
Based on the median home price of $187,000 with 20% down ($37,400), here is what you can expect to pay monthly in Indiana:
15-Year vs. 30-Year Mortgage in Indiana
Choosing a 15-year mortgage in Indiana at 6.03% instead of a 30-year at 6.79% would save you $122,940 in total interest over the life of the loan. However, your monthly payment would be $1,265 instead of $974 — an increase of $291 per month.
Calculate Your Indiana 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 Indiana
What are the current mortgage rates in Indiana, PA?
As of March 2026, the average 30-year fixed mortgage rate in Indiana, Pennsylvania is 6.79%, while the 15-year fixed rate is 6.03%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Indiana?
Based on the median home price of $187,000 with 20% down, the estimated monthly mortgage payment in Indiana is $974 for principal and interest. Including property taxes of $226/month, the total monthly housing cost is approximately $1,200.
What income do I need to buy a home in Indiana?
Using the 28% rule, you would need an annual income of approximately $51,429 to afford the median-priced home in Indiana at $187,000. The median household income in Indiana is $64,600. The median income is currently sufficient to meet this threshold.
Is Indiana a good place to buy a home in 2026?
Indiana offers a below-average cost of living with a cost of living index of 89.7 (national average = 100). The property tax rate in Pennsylvania is 1.45%, which is near the national average. Indiana has a population of 13,090 and offers a very affordable lifestyle.
Mortgage Rates in Other Pennsylvania Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Indiana, Pennsylvania area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.