Mortgage Rates in North Ridgeville, Ohio — March 2026
Updated March 2026 | Based on North Ridgeville market data and regional lending conditions
North Ridgeville is a growing city in Ohio with a population of 34,234. The current 30-year fixed mortgage rate in North Ridgeville is 6.69%, which is 0.04% above the national average. With a median home price of $177,000 and a 20% down payment of $35,400, homebuyers can expect a monthly principal and interest payment of approximately $913.
Current Mortgage Rates in North Ridgeville, OH
Below are the current average mortgage rates available in the North Ridgeville 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
North Ridgeville Housing Market Overview
The North Ridgeville housing market offers relatively affordable housing compared to many major cities. The median household income in North Ridgeville is $57,000, and the cost of living index is 82.9 (national average = 100). Based on the 28% affordability rule, the median income in North Ridgeville is sufficient to afford the median-priced home.
Monthly Payment Breakdown for North Ridgeville
Based on the median home price of $177,000 with 20% down ($35,400), here is what you can expect to pay monthly in North Ridgeville:
15-Year vs. 30-Year Mortgage in North Ridgeville
Choosing a 15-year mortgage in North Ridgeville at 5.95% instead of a 30-year at 6.69% would save you $114,300 in total interest over the life of the loan. However, your monthly payment would be $1,191 instead of $913 — an increase of $278 per month.
Calculate Your North Ridgeville 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 North Ridgeville
What are the current mortgage rates in North Ridgeville, OH?
As of March 2026, the average 30-year fixed mortgage rate in North Ridgeville, Ohio is 6.69%, while the 15-year fixed rate is 5.95%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in North Ridgeville?
Based on the median home price of $177,000 with 20% down, the estimated monthly mortgage payment in North Ridgeville is $913 for principal and interest. Including property taxes of $224/month, the total monthly housing cost is approximately $1,137.
What income do I need to buy a home in North Ridgeville?
Using the 28% rule, you would need an annual income of approximately $48,729 to afford the median-priced home in North Ridgeville at $177,000. The median household income in North Ridgeville is $57,000. The median income is currently sufficient to meet this threshold.
Is North Ridgeville a good place to buy a home in 2026?
North Ridgeville offers a below-average cost of living with a cost of living index of 82.9 (national average = 100). The property tax rate in Ohio is 1.52%, which is above the national average. North Ridgeville has a population of 34,234 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 North Ridgeville, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.