Mortgage Rates in Macomb Township, Michigan — March 2026
Updated March 2026 | Based on Macomb Township market data and regional lending conditions
Macomb Township is a growing city in Michigan with a population of 91,663. The current 30-year fixed mortgage rate in Macomb Township is 6.86%, which is 0.21% above the national average. With a median home price of $217,000 and a 20% down payment of $43,400, homebuyers can expect a monthly principal and interest payment of approximately $1,139.
Current Mortgage Rates in Macomb Township, MI
Below are the current average mortgage rates available in the Macomb Township 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 | 6.86% | 6.65% | +0.21% |
| 15-Year Fixed | 6.08% | 5.89% | +0.19% |
| 5/1 ARM | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.11% | 6.85% | +0.26% |
Macomb Township Housing Market Overview
The Macomb Township housing market offers relatively affordable housing compared to many major cities. The median household income in Macomb Township is $54,400, and the cost of living index is 94.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $60,900 to comfortably afford the median-priced home in Macomb Township, which exceeds the current median household income.
Monthly Payment Breakdown for Macomb Township
Based on the median home price of $217,000 with 20% down ($43,400), here is what you can expect to pay monthly in Macomb Township:
15-Year vs. 30-Year Mortgage in Macomb Township
Choosing a 15-year mortgage in Macomb Township at 6.08% instead of a 30-year at 6.86% would save you $145,080 in total interest over the life of the loan. However, your monthly payment would be $1,472 instead of $1,139 — an increase of $333 per month.
Calculate Your Macomb Township 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 Macomb Township
What are the current mortgage rates in Macomb Township, MI?
As of March 2026, the average 30-year fixed mortgage rate in Macomb Township, Michigan is 6.86%, while the 15-year fixed rate is 6.08%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.21% above the national average of 6.65%.
How much is a monthly mortgage payment in Macomb Township?
Based on the median home price of $217,000 with 20% down, the estimated monthly mortgage payment in Macomb Township is $1,139 for principal and interest. Including property taxes of $282/month, the total monthly housing cost is approximately $1,421.
What income do I need to buy a home in Macomb Township?
Using the 28% rule, you would need an annual income of approximately $60,900 to afford the median-priced home in Macomb Township at $217,000. The median household income in Macomb Township is $54,400. This means most households would need to either earn above the median or consider homes below $217,000.
Is Macomb Township a good place to buy a home in 2026?
Macomb Township offers a below-average cost of living with a cost of living index of 94.2 (national average = 100). The property tax rate in Michigan is 1.56%, which is above the national average. Macomb Township has a population of 91,663 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Macomb Township, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.