Mortgage Rates in Muskogee, Oklahoma — March 2026
Updated March 2026 | Based on Muskogee market data and regional lending conditions
Muskogee is a growing city in Oklahoma with a population of 36,747. The current 30-year fixed mortgage rate in Muskogee is 6.47%, which is 0.18% below the national average. With a median home price of $115,000 and a 20% down payment of $23,000, homebuyers can expect a monthly principal and interest payment of approximately $580.
Current Mortgage Rates in Muskogee, OK
Below are the current average mortgage rates available in the Muskogee 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 | 6.47% | 6.65% | -0.18% |
| 15-Year Fixed | 5.71% | 5.89% | -0.18% |
| 5/1 ARM | 5.97% | 6.15% | -0.18% |
| FHA | 6.07% | 6.25% | -0.18% |
| VA | 5.87% | 6.05% | -0.18% |
| Jumbo | 6.67% | 6.85% | -0.18% |
Muskogee Housing Market Overview
The Muskogee housing market offers relatively affordable housing compared to many major cities. The median household income in Muskogee is $30,000, and the cost of living index is 76 (national average = 100). Based on the 28% affordability rule, the median income in Muskogee is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Muskogee
Based on the median home price of $115,000 with 20% down ($23,000), here is what you can expect to pay monthly in Muskogee:
15-Year vs. 30-Year Mortgage in Muskogee
Choosing a 15-year mortgage in Muskogee at 5.71% instead of a 30-year at 6.47% would save you $71,640 in total interest over the life of the loan. However, your monthly payment would be $762 instead of $580 — an increase of $182 per month.
Calculate Your Muskogee 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 Muskogee
What are the current mortgage rates in Muskogee, OK?
As of March 2026, the average 30-year fixed mortgage rate in Muskogee, Oklahoma is 6.47%, while the 15-year fixed rate is 5.71%. FHA loans average 6.07% and VA loans 5.87%. These rates are 0.18% below the national average of 6.65%.
How much is a monthly mortgage payment in Muskogee?
Based on the median home price of $115,000 with 20% down, the estimated monthly mortgage payment in Muskogee is $580 for principal and interest. Including property taxes of $81/month, the total monthly housing cost is approximately $661.
What income do I need to buy a home in Muskogee?
Using the 28% rule, you would need an annual income of approximately $28,329 to afford the median-priced home in Muskogee at $115,000. The median household income in Muskogee is $30,000. The median income is currently sufficient to meet this threshold.
Is Muskogee a good place to buy a home in 2026?
Muskogee offers a below-average cost of living with a cost of living index of 76 (national average = 100). The property tax rate in Oklahoma is 0.85%, which is near the national average. Muskogee has a population of 36,747 and offers a very affordable lifestyle.
Mortgage Rates in Other Oklahoma Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Muskogee, Oklahoma area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.