Mortgage Rates in Lake Stevens, Washington — March 2026
Updated March 2026 | Based on Lake Stevens market data and regional lending conditions
Lake Stevens is a growing city in Washington with a population of 41,120. The current 30-year fixed mortgage rate in Lake Stevens is 6.61%, which is 0.04% below the national average. With a median home price of $542,000 and a 20% down payment of $108,400, homebuyers can expect a monthly principal and interest payment of approximately $2,772.
Current Mortgage Rates in Lake Stevens, WA
Below are the current average mortgage rates available in the Lake Stevens 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% |
Lake Stevens Housing Market Overview
The Lake Stevens housing market is competitive with prices well above the national median. The median household income in Lake Stevens is $82,400, and the cost of living index is 117.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $137,957 to comfortably afford the median-priced home in Lake Stevens, which exceeds the current median household income.
Monthly Payment Breakdown for Lake Stevens
Based on the median home price of $542,000 with 20% down ($108,400), here is what you can expect to pay monthly in Lake Stevens:
15-Year vs. 30-Year Mortgage in Lake Stevens
Choosing a 15-year mortgage in Lake Stevens at 5.88% instead of a 30-year at 6.61% would save you $344,340 in total interest over the life of the loan. However, your monthly payment would be $3,631 instead of $2,772 — an increase of $859 per month.
Calculate Your Lake Stevens 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 Lake Stevens
What are the current mortgage rates in Lake Stevens, WA?
As of March 2026, the average 30-year fixed mortgage rate in Lake Stevens, Washington 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 Lake Stevens?
Based on the median home price of $542,000 with 20% down, the estimated monthly mortgage payment in Lake Stevens is $2,772 for principal and interest. Including property taxes of $447/month, the total monthly housing cost is approximately $3,219.
What income do I need to buy a home in Lake Stevens?
Using the 28% rule, you would need an annual income of approximately $137,957 to afford the median-priced home in Lake Stevens at $542,000. The median household income in Lake Stevens is $82,400. This means most households would need to either earn above the median or consider homes below $542,000.
Is Lake Stevens a good place to buy a home in 2026?
Lake Stevens has a moderate cost of living with a cost of living index of 117.5 (national average = 100). The property tax rate in Washington is 0.99%, which is near the national average. Lake Stevens has a population of 41,120 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 Lake Stevens, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.