Mortgage Rates in Mesa, Arizona — March 2026
Updated March 2026 | Based on Mesa market data and regional lending conditions
Mesa is a major metropolitan area in Arizona with a population of 504,258. The current 30-year fixed mortgage rate in Mesa is 6.67%, which is 0.02% above the national average. With a median home price of $415,000 and a 20% down payment of $83,000, homebuyers can expect a monthly principal and interest payment of approximately $2,136.
Current Mortgage Rates in Mesa, AZ
Below are the current average mortgage rates available in the Mesa 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Mesa Housing Market Overview
The Mesa housing market reflects moderate demand with prices near the national average. The median household income in Mesa is $58,587, and the cost of living index is 99.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $100,714 to comfortably afford the median-priced home in Mesa, which exceeds the current median household income.
Monthly Payment Breakdown for Mesa
Based on the median home price of $415,000 with 20% down ($83,000), here is what you can expect to pay monthly in Mesa:
15-Year vs. 30-Year Mortgage in Mesa
Choosing a 15-year mortgage in Mesa at 5.91% instead of a 30-year at 6.67% would save you $267,660 in total interest over the life of the loan. However, your monthly payment would be $2,785 instead of $2,136 — an increase of $649 per month.
Calculate Your Mesa 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 Mesa
What are the current mortgage rates in Mesa, AZ?
As of March 2026, the average 30-year fixed mortgage rate in Mesa, Arizona is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Mesa?
Based on the median home price of $415,000 with 20% down, the estimated monthly mortgage payment in Mesa is $2,136 for principal and interest. Including property taxes of $214/month, the total monthly housing cost is approximately $2,350.
What income do I need to buy a home in Mesa?
Using the 28% rule, you would need an annual income of approximately $100,714 to afford the median-priced home in Mesa at $415,000. The median household income in Mesa is $58,587. This means most households would need to either earn above the median or consider homes below $415,000.
Is Mesa a good place to buy a home in 2026?
Mesa offers a below-average cost of living with a cost of living index of 99.5 (national average = 100). The property tax rate in Arizona is 0.62%, which is below the national average. As a major city with 504,258 residents, Mesa offers diverse employment opportunities and amenities.
Mortgage Rates in Other Arizona Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Mesa, Arizona area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.