Mortgage Rates in Marshall, Missouri — March 2026
Updated March 2026 | Based on Marshall market data and regional lending conditions
Marshall is a growing city in Missouri with a population of 12,972. The current 30-year fixed mortgage rate in Marshall is 6.61%, which is 0.04% below the national average. With a median home price of $191,000 and a 20% down payment of $38,200, homebuyers can expect a monthly principal and interest payment of approximately $977.
Current Mortgage Rates in Marshall, MO
Below are the current average mortgage rates available in the Marshall 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% |
Marshall Housing Market Overview
The Marshall housing market offers relatively affordable housing compared to many major cities. The median household income in Marshall is $49,800, and the cost of living index is 88.2 (national average = 100). Based on the 28% affordability rule, the median income in Marshall is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Marshall
Based on the median home price of $191,000 with 20% down ($38,200), here is what you can expect to pay monthly in Marshall:
15-Year vs. 30-Year Mortgage in Marshall
Choosing a 15-year mortgage in Marshall at 5.88% instead of a 30-year at 6.61% would save you $121,320 in total interest over the life of the loan. However, your monthly payment would be $1,280 instead of $977 — an increase of $303 per month.
Calculate Your Marshall 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 Marshall
What are the current mortgage rates in Marshall, MO?
As of March 2026, the average 30-year fixed mortgage rate in Marshall, Missouri 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 Marshall?
Based on the median home price of $191,000 with 20% down, the estimated monthly mortgage payment in Marshall is $977 for principal and interest. Including property taxes of $164/month, the total monthly housing cost is approximately $1,141.
What income do I need to buy a home in Marshall?
Using the 28% rule, you would need an annual income of approximately $48,900 to afford the median-priced home in Marshall at $191,000. The median household income in Marshall is $49,800. The median income is currently sufficient to meet this threshold.
Is Marshall a good place to buy a home in 2026?
Marshall offers a below-average cost of living with a cost of living index of 88.2 (national average = 100). The property tax rate in Missouri is 1.03%, which is near the national average. Marshall has a population of 12,972 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 Marshall, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.