Mortgage Rates in Mill Valley, California — March 2026
Updated March 2026 | Based on Mill Valley market data and regional lending conditions
Mill Valley is a growing city in California with a population of 14,855. The current 30-year fixed mortgage rate in Mill Valley is 6.66%, which is 0.01% above the national average. With a median home price of $708,000 and a 20% down payment of $141,600, homebuyers can expect a monthly principal and interest payment of approximately $3,640.
Current Mortgage Rates in Mill Valley, CA
Below are the current average mortgage rates available in the Mill Valley 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 | 6.66% | 6.65% | +0.01% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Mill Valley Housing Market Overview
The Mill Valley housing market is competitive with prices well above the national median. The median household income in Mill Valley is $68,700, and the cost of living index is 145 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $174,214 to comfortably afford the median-priced home in Mill Valley, which exceeds the current median household income.
Monthly Payment Breakdown for Mill Valley
Based on the median home price of $708,000 with 20% down ($141,600), here is what you can expect to pay monthly in Mill Valley:
15-Year vs. 30-Year Mortgage in Mill Valley
Choosing a 15-year mortgage in Mill Valley at 5.91% instead of a 30-year at 6.66% would save you $455,040 in total interest over the life of the loan. However, your monthly payment would be $4,752 instead of $3,640 — an increase of $1,112 per month.
Calculate Your Mill Valley 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 Mill Valley
What are the current mortgage rates in Mill Valley, CA?
As of March 2026, the average 30-year fixed mortgage rate in Mill Valley, California is 6.66%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% above the national average of 6.65%.
How much is a monthly mortgage payment in Mill Valley?
Based on the median home price of $708,000 with 20% down, the estimated monthly mortgage payment in Mill Valley is $3,640 for principal and interest. Including property taxes of $425/month, the total monthly housing cost is approximately $4,065.
What income do I need to buy a home in Mill Valley?
Using the 28% rule, you would need an annual income of approximately $174,214 to afford the median-priced home in Mill Valley at $708,000. The median household income in Mill Valley is $68,700. This means most households would need to either earn above the median or consider homes below $708,000.
Is Mill Valley a good place to buy a home in 2026?
Mill Valley has a higher cost of living than average with a cost of living index of 145 (national average = 100). The property tax rate in California is 0.72%, which is below the national average. Mill Valley has a population of 14,855 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Mill Valley, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.