Mortgage Rates in Kentwood, Michigan — March 2026
Updated March 2026 | Based on Kentwood market data and regional lending conditions
Kentwood is a growing city in Michigan with a population of 53,526. The current 30-year fixed mortgage rate in Kentwood is 6.74%, which is 0.09% above the national average. With a median home price of $238,000 and a 20% down payment of $47,600, homebuyers can expect a monthly principal and interest payment of approximately $1,234.
Current Mortgage Rates in Kentwood, MI
Below are the current average mortgage rates available in the Kentwood 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Kentwood Housing Market Overview
The Kentwood housing market offers relatively affordable housing compared to many major cities. The median household income in Kentwood is $61,100, and the cost of living index is 85.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $65,700 to comfortably afford the median-priced home in Kentwood, which exceeds the current median household income.
Monthly Payment Breakdown for Kentwood
Based on the median home price of $238,000 with 20% down ($47,600), here is what you can expect to pay monthly in Kentwood:
15-Year vs. 30-Year Mortgage in Kentwood
Choosing a 15-year mortgage in Kentwood at 5.98% instead of a 30-year at 6.74% would save you $155,340 in total interest over the life of the loan. However, your monthly payment would be $1,605 instead of $1,234 — an increase of $371 per month.
Calculate Your Kentwood 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 Kentwood
What are the current mortgage rates in Kentwood, MI?
As of March 2026, the average 30-year fixed mortgage rate in Kentwood, Michigan is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Kentwood?
Based on the median home price of $238,000 with 20% down, the estimated monthly mortgage payment in Kentwood is $1,234 for principal and interest. Including property taxes of $299/month, the total monthly housing cost is approximately $1,533.
What income do I need to buy a home in Kentwood?
Using the 28% rule, you would need an annual income of approximately $65,700 to afford the median-priced home in Kentwood at $238,000. The median household income in Kentwood is $61,100. This means most households would need to either earn above the median or consider homes below $238,000.
Is Kentwood a good place to buy a home in 2026?
Kentwood offers a below-average cost of living with a cost of living index of 85.8 (national average = 100). The property tax rate in Michigan is 1.51%, which is above the national average. Kentwood has a population of 53,526 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Kentwood, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.