Mortgage Rates in Nogales, Arizona — March 2026
Updated March 2026 | Based on Nogales market data and regional lending conditions
Nogales is a growing city in Arizona with a population of 20,627. The current 30-year fixed mortgage rate in Nogales is 6.47%, which is 0.18% below the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $882.
Current Mortgage Rates in Nogales, AZ
Below are the current average mortgage rates available in the Nogales 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% |
Nogales Housing Market Overview
The Nogales housing market offers relatively affordable housing compared to many major cities. The median household income in Nogales is $30,000, and the cost of living index is 82 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $41,357 to comfortably afford the median-priced home in Nogales, which exceeds the current median household income.
Monthly Payment Breakdown for Nogales
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Nogales:
15-Year vs. 30-Year Mortgage in Nogales
Choosing a 15-year mortgage in Nogales at 5.71% instead of a 30-year at 6.47% would save you $108,720 in total interest over the life of the loan. However, your monthly payment would be $1,160 instead of $882 — an increase of $278 per month.
Calculate Your Nogales 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 Nogales
What are the current mortgage rates in Nogales, AZ?
As of March 2026, the average 30-year fixed mortgage rate in Nogales, Arizona 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 Nogales?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Nogales is $882 for principal and interest. Including property taxes of $83/month, the total monthly housing cost is approximately $965.
What income do I need to buy a home in Nogales?
Using the 28% rule, you would need an annual income of approximately $41,357 to afford the median-priced home in Nogales at $175,000. The median household income in Nogales is $30,000. This means most households would need to either earn above the median or consider homes below $175,000.
Is Nogales a good place to buy a home in 2026?
Nogales offers a below-average cost of living with a cost of living index of 82 (national average = 100). The property tax rate in Arizona is 0.57%, which is below the national average. Nogales has a population of 20,627 and offers a very affordable lifestyle.
Mortgage Rates in Other Arizona Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Nogales, Arizona area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.