Mortgage Rates in Kennewick, Washington — March 2026
Updated March 2026 | Based on Kennewick market data and regional lending conditions
Kennewick is a growing city in Washington with a population of 84,347. The current 30-year fixed mortgage rate in Kennewick is 6.57%, which is 0.08% below the national average. With a median home price of $365,000 and a 20% down payment of $73,000, homebuyers can expect a monthly principal and interest payment of approximately $1,859.
Current Mortgage Rates in Kennewick, WA
Below are the current average mortgage rates available in the Kennewick 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 | 6.57% | 6.65% | -0.08% |
| 15-Year Fixed | 5.81% | 5.89% | -0.08% |
| 5/1 ARM | 6.07% | 6.15% | -0.08% |
| FHA | 6.17% | 6.25% | -0.08% |
| VA | 5.97% | 6.05% | -0.08% |
| Jumbo | 6.77% | 6.85% | -0.08% |
Kennewick Housing Market Overview
The Kennewick housing market reflects moderate demand with prices near the national average. The median household income in Kennewick is $62,250, and the cost of living index is 95.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $91,800 to comfortably afford the median-priced home in Kennewick, which exceeds the current median household income.
Monthly Payment Breakdown for Kennewick
Based on the median home price of $365,000 with 20% down ($73,000), here is what you can expect to pay monthly in Kennewick:
15-Year vs. 30-Year Mortgage in Kennewick
Choosing a 15-year mortgage in Kennewick at 5.81% instead of a 30-year at 6.57% would save you $231,120 in total interest over the life of the loan. However, your monthly payment would be $2,434 instead of $1,859 — an increase of $575 per month.
Calculate Your Kennewick 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 Kennewick
What are the current mortgage rates in Kennewick, WA?
As of March 2026, the average 30-year fixed mortgage rate in Kennewick, Washington is 6.57%, while the 15-year fixed rate is 5.81%. FHA loans average 6.17% and VA loans 5.97%. These rates are 0.08% below the national average of 6.65%.
How much is a monthly mortgage payment in Kennewick?
Based on the median home price of $365,000 with 20% down, the estimated monthly mortgage payment in Kennewick is $1,859 for principal and interest. Including property taxes of $283/month, the total monthly housing cost is approximately $2,142.
What income do I need to buy a home in Kennewick?
Using the 28% rule, you would need an annual income of approximately $91,800 to afford the median-priced home in Kennewick at $365,000. The median household income in Kennewick is $62,250. This means most households would need to either earn above the median or consider homes below $365,000.
Is Kennewick a good place to buy a home in 2026?
Kennewick offers a below-average cost of living with a cost of living index of 95.5 (national average = 100). The property tax rate in Washington is 0.93%, which is near the national average. Kennewick has a population of 84,347 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Kennewick, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.