Mortgage Rates in Kearney, Nebraska — March 2026
Updated March 2026 | Based on Kearney market data and regional lending conditions
Kearney is a growing city in Nebraska with a population of 33,464. The current 30-year fixed mortgage rate in Kearney is 6.47%, which is 0.18% below the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,084.
Current Mortgage Rates in Kearney, NE
Below are the current average mortgage rates available in the Kearney 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 | 6.47% | 6.65% | -0.18% |
| 15-Year Fixed | 5.71% | 5.89% | -0.18% |
| 5/1 ARM | 5.97% | 6.15% | -0.18% |
| FHA | 6.07% | 6.25% | -0.18% |
| VA | 5.87% | 6.05% | -0.18% |
| Jumbo | 6.67% | 6.85% | -0.18% |
Kearney Housing Market Overview
The Kearney housing market offers relatively affordable housing compared to many major cities. The median household income in Kearney is $45,000, and the cost of living index is 87 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $59,657 to comfortably afford the median-priced home in Kearney, which exceeds the current median household income.
Monthly Payment Breakdown for Kearney
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Kearney:
15-Year vs. 30-Year Mortgage in Kearney
Choosing a 15-year mortgage in Kearney at 5.71% instead of a 30-year at 6.47% would save you $133,740 in total interest over the life of the loan. However, your monthly payment would be $1,425 instead of $1,084 — an increase of $341 per month.
Calculate Your Kearney 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 Kearney
What are the current mortgage rates in Kearney, NE?
As of March 2026, the average 30-year fixed mortgage rate in Kearney, Nebraska is 6.47%, while the 15-year fixed rate is 5.71%. FHA loans average 6.07% and VA loans 5.87%. These rates are 0.18% below the national average of 6.65%.
How much is a monthly mortgage payment in Kearney?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Kearney is $1,084 for principal and interest. Including property taxes of $308/month, the total monthly housing cost is approximately $1,392.
What income do I need to buy a home in Kearney?
Using the 28% rule, you would need an annual income of approximately $59,657 to afford the median-priced home in Kearney at $215,000. The median household income in Kearney is $45,000. This means most households would need to either earn above the median or consider homes below $215,000.
Is Kearney a good place to buy a home in 2026?
Kearney offers a below-average cost of living with a cost of living index of 87 (national average = 100). The property tax rate in Nebraska is 1.72%, which is above the national average. Kearney has a population of 33,464 and offers a very affordable lifestyle.
Mortgage Rates in Other Nebraska Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Kearney, Nebraska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.