Mortgage Rates in Keene, Texas — March 2026
Updated March 2026 | Based on Keene market data and regional lending conditions
Keene is a growing city in Texas with a population of 6,439. The current 30-year fixed mortgage rate in Keene is 6.83%, which is 0.18% above the national average. With a median home price of $214,000 and a 20% down payment of $42,800, homebuyers can expect a monthly principal and interest payment of approximately $1,120.
Current Mortgage Rates in Keene, TX
Below are the current average mortgage rates available in the Keene 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Keene Housing Market Overview
The Keene housing market offers relatively affordable housing compared to many major cities. The median household income in Keene is $62,900, and the cost of living index is 85 (national average = 100). Based on the 28% affordability rule, the median income in Keene is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Keene
Based on the median home price of $214,000 with 20% down ($42,800), here is what you can expect to pay monthly in Keene:
15-Year vs. 30-Year Mortgage in Keene
Choosing a 15-year mortgage in Keene at 6.05% instead of a 30-year at 6.83% would save you $142,380 in total interest over the life of the loan. However, your monthly payment would be $1,449 instead of $1,120 — an increase of $329 per month.
Calculate Your Keene 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 Keene
What are the current mortgage rates in Keene, TX?
As of March 2026, the average 30-year fixed mortgage rate in Keene, Texas is 6.83%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Keene?
Based on the median home price of $214,000 with 20% down, the estimated monthly mortgage payment in Keene is $1,120 for principal and interest. Including property taxes of $312/month, the total monthly housing cost is approximately $1,432.
What income do I need to buy a home in Keene?
Using the 28% rule, you would need an annual income of approximately $61,371 to afford the median-priced home in Keene at $214,000. The median household income in Keene is $62,900. The median income is currently sufficient to meet this threshold.
Is Keene a good place to buy a home in 2026?
Keene offers a below-average cost of living with a cost of living index of 85 (national average = 100). The property tax rate in Texas is 1.75%, which is above the national average. Keene has a population of 6,439 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Keene, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.