Mortgage Rates in Lamar, Colorado — March 2026
Updated March 2026 | Based on Lamar market data and regional lending conditions
Lamar is a growing city in Colorado with a population of 7,568. The current 30-year fixed mortgage rate in Lamar is 6.83%, which is 0.18% above the national average. With a median home price of $424,000 and a 20% down payment of $84,800, homebuyers can expect a monthly principal and interest payment of approximately $2,218.
Current Mortgage Rates in Lamar, CO
Below are the current average mortgage rates available in the Lamar 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Lamar Housing Market Overview
The Lamar housing market reflects moderate demand with prices near the national average. The median household income in Lamar is $63,100, and the cost of living index is 107.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $102,471 to comfortably afford the median-priced home in Lamar, which exceeds the current median household income.
Monthly Payment Breakdown for Lamar
Based on the median home price of $424,000 with 20% down ($84,800), here is what you can expect to pay monthly in Lamar:
15-Year vs. 30-Year Mortgage in Lamar
Choosing a 15-year mortgage in Lamar at 6.05% instead of a 30-year at 6.83% would save you $281,520 in total interest over the life of the loan. However, your monthly payment would be $2,872 instead of $2,218 — an increase of $654 per month.
Calculate Your Lamar 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 Lamar
What are the current mortgage rates in Lamar, CO?
As of March 2026, the average 30-year fixed mortgage rate in Lamar, Colorado is 6.83%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Lamar?
Based on the median home price of $424,000 with 20% down, the estimated monthly mortgage payment in Lamar is $2,218 for principal and interest. Including property taxes of $173/month, the total monthly housing cost is approximately $2,391.
What income do I need to buy a home in Lamar?
Using the 28% rule, you would need an annual income of approximately $102,471 to afford the median-priced home in Lamar at $424,000. The median household income in Lamar is $63,100. This means most households would need to either earn above the median or consider homes below $424,000.
Is Lamar a good place to buy a home in 2026?
Lamar has a moderate cost of living with a cost of living index of 107.5 (national average = 100). The property tax rate in Colorado is 0.49%, which is below the national average. Lamar has a population of 7,568 and offers a balanced lifestyle.
Mortgage Rates in Other Colorado Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lamar, Colorado area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.