Mortgage Rates in Moorhead, Minnesota — March 2026
Updated March 2026 | Based on Moorhead market data and regional lending conditions
Moorhead is a growing city in Minnesota with a population of 44,505. The current 30-year fixed mortgage rate in Moorhead is 6.84%, which is 0.19% above the national average. With a median home price of $313,000 and a 20% down payment of $62,600, homebuyers can expect a monthly principal and interest payment of approximately $1,639.
Current Mortgage Rates in Moorhead, MN
Below are the current average mortgage rates available in the Moorhead 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% |
Moorhead Housing Market Overview
The Moorhead housing market reflects moderate demand with prices near the national average. The median household income in Moorhead is $62,000, and the cost of living index is 92.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $82,329 to comfortably afford the median-priced home in Moorhead, which exceeds the current median household income.
Monthly Payment Breakdown for Moorhead
Based on the median home price of $313,000 with 20% down ($62,600), here is what you can expect to pay monthly in Moorhead:
15-Year vs. 30-Year Mortgage in Moorhead
Choosing a 15-year mortgage in Moorhead at 6.06% instead of a 30-year at 6.84% would save you $208,260 in total interest over the life of the loan. However, your monthly payment would be $2,121 instead of $1,639 — an increase of $482 per month.
Calculate Your Moorhead 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 Moorhead
What are the current mortgage rates in Moorhead, MN?
As of March 2026, the average 30-year fixed mortgage rate in Moorhead, 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 Moorhead?
Based on the median home price of $313,000 with 20% down, the estimated monthly mortgage payment in Moorhead is $1,639 for principal and interest. Including property taxes of $282/month, the total monthly housing cost is approximately $1,921.
What income do I need to buy a home in Moorhead?
Using the 28% rule, you would need an annual income of approximately $82,329 to afford the median-priced home in Moorhead at $313,000. The median household income in Moorhead is $62,000. This means most households would need to either earn above the median or consider homes below $313,000.
Is Moorhead a good place to buy a home in 2026?
Moorhead offers a below-average cost of living with a cost of living index of 92.7 (national average = 100). The property tax rate in Minnesota is 1.08%, which is near the national average. Moorhead has a population of 44,505 and offers a very affordable lifestyle.
Mortgage Rates in Other Minnesota Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Moorhead, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.