Mortgage Rates in Keokuk, Iowa — March 2026
Updated March 2026 | Based on Keokuk market data and regional lending conditions
Keokuk is a growing city in Iowa with a population of 10,307. The current 30-year fixed mortgage rate in Keokuk is 6.61%, which is 0.04% below the national average. With a median home price of $169,000 and a 20% down payment of $33,800, homebuyers can expect a monthly principal and interest payment of approximately $864.
Current Mortgage Rates in Keokuk, IA
Below are the current average mortgage rates available in the Keokuk 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Keokuk Housing Market Overview
The Keokuk housing market offers relatively affordable housing compared to many major cities. The median household income in Keokuk is $63,400, and the cost of living index is 83.3 (national average = 100). Based on the 28% affordability rule, the median income in Keokuk is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Keokuk
Based on the median home price of $169,000 with 20% down ($33,800), here is what you can expect to pay monthly in Keokuk:
15-Year vs. 30-Year Mortgage in Keokuk
Choosing a 15-year mortgage in Keokuk at 5.88% instead of a 30-year at 6.61% would save you $107,280 in total interest over the life of the loan. However, your monthly payment would be $1,132 instead of $864 — an increase of $268 per month.
Calculate Your Keokuk 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 Keokuk
What are the current mortgage rates in Keokuk, IA?
As of March 2026, the average 30-year fixed mortgage rate in Keokuk, Iowa is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Keokuk?
Based on the median home price of $169,000 with 20% down, the estimated monthly mortgage payment in Keokuk is $864 for principal and interest. Including property taxes of $224/month, the total monthly housing cost is approximately $1,088.
What income do I need to buy a home in Keokuk?
Using the 28% rule, you would need an annual income of approximately $46,629 to afford the median-priced home in Keokuk at $169,000. The median household income in Keokuk is $63,400. The median income is currently sufficient to meet this threshold.
Is Keokuk a good place to buy a home in 2026?
Keokuk offers a below-average cost of living with a cost of living index of 83.3 (national average = 100). The property tax rate in Iowa is 1.59%, which is above the national average. Keokuk has a population of 10,307 and offers a very affordable lifestyle.
Mortgage Rates in Other Iowa Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Keokuk, Iowa area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.