Mortgage Rates in Niles, Ohio — March 2026
Updated March 2026 | Based on Niles market data and regional lending conditions
Niles is a growing city in Ohio with a population of 18,443. The current 30-year fixed mortgage rate in Niles is 6.65%, which is at the national average. With a median home price of $152,000 and a 20% down payment of $30,400, homebuyers can expect a monthly principal and interest payment of approximately $781.
Current Mortgage Rates in Niles, OH
Below are the current average mortgage rates available in the Niles 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 | 6.65% | 6.65% | 0% |
| 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 | 6.9% | 6.85% | +0.05% |
Niles Housing Market Overview
The Niles housing market offers relatively affordable housing compared to many major cities. The median household income in Niles is $50,700, and the cost of living index is 88 (national average = 100). Based on the 28% affordability rule, the median income in Niles is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Niles
Based on the median home price of $152,000 with 20% down ($30,400), here is what you can expect to pay monthly in Niles:
15-Year vs. 30-Year Mortgage in Niles
Choosing a 15-year mortgage in Niles at 5.91% instead of a 30-year at 6.65% would save you $97,560 in total interest over the life of the loan. However, your monthly payment would be $1,020 instead of $781 — an increase of $239 per month.
Calculate Your Niles 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 Niles
What are the current mortgage rates in Niles, OH?
As of March 2026, the average 30-year fixed mortgage rate in Niles, Ohio is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Niles?
Based on the median home price of $152,000 with 20% down, the estimated monthly mortgage payment in Niles is $781 for principal and interest. Including property taxes of $205/month, the total monthly housing cost is approximately $986.
What income do I need to buy a home in Niles?
Using the 28% rule, you would need an annual income of approximately $42,257 to afford the median-priced home in Niles at $152,000. The median household income in Niles is $50,700. The median income is currently sufficient to meet this threshold.
Is Niles a good place to buy a home in 2026?
Niles offers a below-average cost of living with a cost of living index of 88 (national average = 100). The property tax rate in Ohio is 1.62%, which is above the national average. Niles has a population of 18,443 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 Niles, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.