Mortgage Rates in Palmdale, California — March 2026
Updated March 2026 | Based on Palmdale market data and regional lending conditions
Palmdale is a growing city in California with a population of 169,450. The current 30-year fixed mortgage rate in Palmdale is 6.55%, which is 0.1% below the national average. With a median home price of $415,000 and a 20% down payment of $83,000, homebuyers can expect a monthly principal and interest payment of approximately $2,109.
Current Mortgage Rates in Palmdale, CA
Below are the current average mortgage rates available in the Palmdale 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 | 6.55% | 6.65% | -0.1% |
| 15-Year Fixed | 5.79% | 5.89% | -0.1% |
| 5/1 ARM | 6.05% | 6.15% | -0.1% |
| FHA | 6.15% | 6.25% | -0.1% |
| VA | 5.95% | 6.05% | -0.1% |
| Jumbo | 6.75% | 6.85% | -0.1% |
Palmdale Housing Market Overview
The Palmdale housing market reflects moderate demand with prices near the national average. The median household income in Palmdale is $60,250, and the cost of living index is 108.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $101,657 to comfortably afford the median-priced home in Palmdale, which exceeds the current median household income.
Monthly Payment Breakdown for Palmdale
Based on the median home price of $415,000 with 20% down ($83,000), here is what you can expect to pay monthly in Palmdale:
15-Year vs. 30-Year Mortgage in Palmdale
Choosing a 15-year mortgage in Palmdale at 5.79% instead of a 30-year at 6.55% would save you $261,720 in total interest over the life of the loan. However, your monthly payment would be $2,764 instead of $2,109 — an increase of $655 per month.
Calculate Your Palmdale 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 Palmdale
What are the current mortgage rates in Palmdale, CA?
As of March 2026, the average 30-year fixed mortgage rate in Palmdale, California is 6.55%, while the 15-year fixed rate is 5.79%. FHA loans average 6.15% and VA loans 5.95%. These rates are 0.1% below the national average of 6.65%.
How much is a monthly mortgage payment in Palmdale?
Based on the median home price of $415,000 with 20% down, the estimated monthly mortgage payment in Palmdale is $2,109 for principal and interest. Including property taxes of $263/month, the total monthly housing cost is approximately $2,372.
What income do I need to buy a home in Palmdale?
Using the 28% rule, you would need an annual income of approximately $101,657 to afford the median-priced home in Palmdale at $415,000. The median household income in Palmdale is $60,250. This means most households would need to either earn above the median or consider homes below $415,000.
Is Palmdale a good place to buy a home in 2026?
Palmdale has a moderate cost of living with a cost of living index of 108.5 (national average = 100). The property tax rate in California is 0.76%, which is below the national average. Palmdale has a population of 169,450 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Palmdale, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.