Mortgage Rates in Massillon, Ohio — March 2026
Updated March 2026 | Based on Massillon market data and regional lending conditions
Massillon is a growing city in Ohio with a population of 32,195. The current 30-year fixed mortgage rate in Massillon is 6.89%, which is 0.24% above the national average. With a median home price of $165,000 and a 20% down payment of $33,000, homebuyers can expect a monthly principal and interest payment of approximately $868.
Current Mortgage Rates in Massillon, OH
Below are the current average mortgage rates available in the Massillon 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Massillon Housing Market Overview
The Massillon housing market offers relatively affordable housing compared to many major cities. The median household income in Massillon is $58,500, and the cost of living index is 87.4 (national average = 100). Based on the 28% affordability rule, the median income in Massillon is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Massillon
Based on the median home price of $165,000 with 20% down ($33,000), here is what you can expect to pay monthly in Massillon:
15-Year vs. 30-Year Mortgage in Massillon
Choosing a 15-year mortgage in Massillon at 6.11% instead of a 30-year at 6.89% would save you $110,520 in total interest over the life of the loan. However, your monthly payment would be $1,122 instead of $868 — an increase of $254 per month.
Calculate Your Massillon 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 Massillon
What are the current mortgage rates in Massillon, OH?
As of March 2026, the average 30-year fixed mortgage rate in Massillon, Ohio is 6.89%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Massillon?
Based on the median home price of $165,000 with 20% down, the estimated monthly mortgage payment in Massillon is $868 for principal and interest. Including property taxes of $213/month, the total monthly housing cost is approximately $1,081.
What income do I need to buy a home in Massillon?
Using the 28% rule, you would need an annual income of approximately $46,329 to afford the median-priced home in Massillon at $165,000. The median household income in Massillon is $58,500. The median income is currently sufficient to meet this threshold.
Is Massillon a good place to buy a home in 2026?
Massillon offers a below-average cost of living with a cost of living index of 87.4 (national average = 100). The property tax rate in Ohio is 1.55%, which is above the national average. Massillon has a population of 32,195 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Massillon, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.