Mortgage Rates in Kennett, Missouri — March 2026
Updated March 2026 | Based on Kennett market data and regional lending conditions
Kennett is a growing city in Missouri with a population of 10,201. The current 30-year fixed mortgage rate in Kennett is 6.63%, which is 0.02% below the national average. With a median home price of $177,000 and a 20% down payment of $35,400, homebuyers can expect a monthly principal and interest payment of approximately $907.
Current Mortgage Rates in Kennett, MO
Below are the current average mortgage rates available in the Kennett 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Kennett Housing Market Overview
The Kennett housing market offers relatively affordable housing compared to many major cities. The median household income in Kennett is $51,100, and the cost of living index is 85.4 (national average = 100). Based on the 28% affordability rule, the median income in Kennett is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Kennett
Based on the median home price of $177,000 with 20% down ($35,400), here is what you can expect to pay monthly in Kennett:
15-Year vs. 30-Year Mortgage in Kennett
Choosing a 15-year mortgage in Kennett at 5.89% instead of a 30-year at 6.63% would save you $112,860 in total interest over the life of the loan. However, your monthly payment would be $1,187 instead of $907 — an increase of $280 per month.
Calculate Your Kennett 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 Kennett
What are the current mortgage rates in Kennett, MO?
As of March 2026, the average 30-year fixed mortgage rate in Kennett, Missouri is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Kennett?
Based on the median home price of $177,000 with 20% down, the estimated monthly mortgage payment in Kennett is $907 for principal and interest. Including property taxes of $153/month, the total monthly housing cost is approximately $1,060.
What income do I need to buy a home in Kennett?
Using the 28% rule, you would need an annual income of approximately $45,429 to afford the median-priced home in Kennett at $177,000. The median household income in Kennett is $51,100. The median income is currently sufficient to meet this threshold.
Is Kennett a good place to buy a home in 2026?
Kennett offers a below-average cost of living with a cost of living index of 85.4 (national average = 100). The property tax rate in Missouri is 1.04%, which is near the national average. Kennett has a population of 10,201 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Kennett, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.