Mortgage Rates in Maple Grove, Minnesota — March 2026
Updated March 2026 | Based on Maple Grove market data and regional lending conditions
Maple Grove is a growing city in Minnesota with a population of 76,853. The current 30-year fixed mortgage rate in Maple Grove is 6.84%, which is 0.19% above the national average. With a median home price of $341,000 and a 20% down payment of $68,200, homebuyers can expect a monthly principal and interest payment of approximately $1,786.
Current Mortgage Rates in Maple Grove, MN
Below are the current average mortgage rates available in the Maple Grove 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Maple Grove Housing Market Overview
The Maple Grove housing market reflects moderate demand with prices near the national average. The median household income in Maple Grove is $70,600, and the cost of living index is 107.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $90,300 to comfortably afford the median-priced home in Maple Grove, which exceeds the current median household income.
Monthly Payment Breakdown for Maple Grove
Based on the median home price of $341,000 with 20% down ($68,200), here is what you can expect to pay monthly in Maple Grove:
15-Year vs. 30-Year Mortgage in Maple Grove
Choosing a 15-year mortgage in Maple Grove at 6.06% instead of a 30-year at 6.84% would save you $226,980 in total interest over the life of the loan. However, your monthly payment would be $2,311 instead of $1,786 — an increase of $525 per month.
Calculate Your Maple Grove 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 Maple Grove
What are the current mortgage rates in Maple Grove, MN?
As of March 2026, the average 30-year fixed mortgage rate in Maple Grove, Minnesota is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Maple Grove?
Based on the median home price of $341,000 with 20% down, the estimated monthly mortgage payment in Maple Grove is $1,786 for principal and interest. Including property taxes of $321/month, the total monthly housing cost is approximately $2,107.
What income do I need to buy a home in Maple Grove?
Using the 28% rule, you would need an annual income of approximately $90,300 to afford the median-priced home in Maple Grove at $341,000. The median household income in Maple Grove is $70,600. This means most households would need to either earn above the median or consider homes below $341,000.
Is Maple Grove a good place to buy a home in 2026?
Maple Grove has a moderate cost of living with a cost of living index of 107.4 (national average = 100). The property tax rate in Minnesota is 1.13%, which is near the national average. Maple Grove has a population of 76,853 and offers a balanced lifestyle.
Mortgage Rates in Other Minnesota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Maple Grove, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.