Mortgage Rates in Lee's Summit, Missouri — March 2026
Updated March 2026 | Based on Lee's Summit market data and regional lending conditions
Lee's Summit is a growing city in Missouri with a population of 101,108. The current 30-year fixed mortgage rate in Lee's Summit is 6.73%, which is 0.08% above the national average. With a median home price of $295,000 and a 20% down payment of $59,000, homebuyers can expect a monthly principal and interest payment of approximately $1,528.
Current Mortgage Rates in Lee's Summit, MO
Below are the current average mortgage rates available in the Lee's Summit 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 | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.33% | 6.25% | +0.08% |
| VA | 6.13% | 6.05% | +0.08% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Lee's Summit Housing Market Overview
The Lee's Summit housing market offers relatively affordable housing compared to many major cities. The median household income in Lee's Summit is $82,250, and the cost of living index is 93.5 (national average = 100). Based on the 28% affordability rule, the median income in Lee's Summit is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Lee's Summit
Based on the median home price of $295,000 with 20% down ($59,000), here is what you can expect to pay monthly in Lee's Summit:
15-Year vs. 30-Year Mortgage in Lee's Summit
Choosing a 15-year mortgage in Lee's Summit at 5.97% instead of a 30-year at 6.73% would save you $192,240 in total interest over the life of the loan. However, your monthly payment would be $1,988 instead of $1,528 — an increase of $460 per month.
Calculate Your Lee's Summit 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 Lee's Summit
What are the current mortgage rates in Lee's Summit, MO?
As of March 2026, the average 30-year fixed mortgage rate in Lee's Summit, Missouri is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.33% and VA loans 6.13%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Lee's Summit?
Based on the median home price of $295,000 with 20% down, the estimated monthly mortgage payment in Lee's Summit is $1,528 for principal and interest. Including property taxes of $238/month, the total monthly housing cost is approximately $1,766.
What income do I need to buy a home in Lee's Summit?
Using the 28% rule, you would need an annual income of approximately $75,686 to afford the median-priced home in Lee's Summit at $295,000. The median household income in Lee's Summit is $82,250. The median income is currently sufficient to meet this threshold.
Is Lee's Summit a good place to buy a home in 2026?
Lee's Summit offers a below-average cost of living with a cost of living index of 93.5 (national average = 100). The property tax rate in Missouri is 0.97%, which is near the national average. Lee's Summit has a population of 101,108 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lee's Summit, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.