Mortgage Rates in Oak Harbor, Washington — March 2026
Updated March 2026 | Based on Oak Harbor market data and regional lending conditions
Oak Harbor is a growing city in Washington with a population of 24,451. The current 30-year fixed mortgage rate in Oak Harbor is 6.85%, which is 0.2% above the national average. With a median home price of $462,000 and a 20% down payment of $92,400, homebuyers can expect a monthly principal and interest payment of approximately $2,422.
Current Mortgage Rates in Oak Harbor, WA
Below are the current average mortgage rates available in the Oak Harbor 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 | 6.85% | 6.65% | +0.2% |
| 15-Year Fixed | 6.07% | 5.89% | +0.18% |
| 5/1 ARM | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.1% | 6.85% | +0.25% |
Oak Harbor Housing Market Overview
The Oak Harbor housing market reflects moderate demand with prices near the national average. The median household income in Oak Harbor is $79,100, and the cost of living index is 113.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $119,143 to comfortably afford the median-priced home in Oak Harbor, which exceeds the current median household income.
Monthly Payment Breakdown for Oak Harbor
Based on the median home price of $462,000 with 20% down ($92,400), here is what you can expect to pay monthly in Oak Harbor:
15-Year vs. 30-Year Mortgage in Oak Harbor
Choosing a 15-year mortgage in Oak Harbor at 6.07% instead of a 30-year at 6.85% would save you $307,980 in total interest over the life of the loan. However, your monthly payment would be $3,133 instead of $2,422 — an increase of $711 per month.
Calculate Your Oak Harbor 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 Oak Harbor
What are the current mortgage rates in Oak Harbor, WA?
As of March 2026, the average 30-year fixed mortgage rate in Oak Harbor, Washington is 6.85%, while the 15-year fixed rate is 6.07%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.2% above the national average of 6.65%.
How much is a monthly mortgage payment in Oak Harbor?
Based on the median home price of $462,000 with 20% down, the estimated monthly mortgage payment in Oak Harbor is $2,422 for principal and interest. Including property taxes of $358/month, the total monthly housing cost is approximately $2,780.
What income do I need to buy a home in Oak Harbor?
Using the 28% rule, you would need an annual income of approximately $119,143 to afford the median-priced home in Oak Harbor at $462,000. The median household income in Oak Harbor is $79,100. This means most households would need to either earn above the median or consider homes below $462,000.
Is Oak Harbor a good place to buy a home in 2026?
Oak Harbor has a moderate cost of living with a cost of living index of 113.4 (national average = 100). The property tax rate in Washington is 0.93%, which is near the national average. Oak Harbor has a population of 24,451 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Oak Harbor, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.