Mortgage Rates in Libertyville, Illinois — March 2026
Updated March 2026 | Based on Libertyville market data and regional lending conditions
Libertyville is a growing city in Illinois with a population of 20,315. The current 30-year fixed mortgage rate in Libertyville is 6.61%, which is 0.04% below the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,100.
Current Mortgage Rates in Libertyville, IL
Below are the current average mortgage rates available in the Libertyville 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 | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Libertyville Housing Market Overview
The Libertyville housing market offers relatively affordable housing compared to many major cities. The median household income in Libertyville is $58,700, and the cost of living index is 90.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $63,429 to comfortably afford the median-priced home in Libertyville, which exceeds the current median household income.
Monthly Payment Breakdown for Libertyville
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Libertyville:
15-Year vs. 30-Year Mortgage in Libertyville
Choosing a 15-year mortgage in Libertyville at 5.88% instead of a 30-year at 6.61% would save you $136,800 in total interest over the life of the loan. However, your monthly payment would be $1,440 instead of $1,100 — an increase of $340 per month.
Calculate Your Libertyville 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 Libertyville
What are the current mortgage rates in Libertyville, IL?
As of March 2026, the average 30-year fixed mortgage rate in Libertyville, Illinois 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 Libertyville?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Libertyville is $1,100 for principal and interest. Including property taxes of $380/month, the total monthly housing cost is approximately $1,480.
What income do I need to buy a home in Libertyville?
Using the 28% rule, you would need an annual income of approximately $63,429 to afford the median-priced home in Libertyville at $215,000. The median household income in Libertyville is $58,700. This means most households would need to either earn above the median or consider homes below $215,000.
Is Libertyville a good place to buy a home in 2026?
Libertyville offers a below-average cost of living with a cost of living index of 90.6 (national average = 100). The property tax rate in Illinois is 2.12%, which is above the national average. Libertyville has a population of 20,315 and offers a very affordable lifestyle.
Mortgage Rates in Other Illinois Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Libertyville, Illinois area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.