Mortgage Rates in Pella, Iowa — March 2026
Updated March 2026 | Based on Pella market data and regional lending conditions
Pella is a growing city in Iowa with a population of 10,352. The current 30-year fixed mortgage rate in Pella is 6.85%, which is 0.2% above the national average. With a median home price of $153,000 and a 20% down payment of $30,600, homebuyers can expect a monthly principal and interest payment of approximately $802.
Current Mortgage Rates in Pella, IA
Below are the current average mortgage rates available in the Pella 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% |
Pella Housing Market Overview
The Pella housing market offers relatively affordable housing compared to many major cities. The median household income in Pella is $54,100, and the cost of living index is 86.2 (national average = 100). Based on the 28% affordability rule, the median income in Pella is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Pella
Based on the median home price of $153,000 with 20% down ($30,600), here is what you can expect to pay monthly in Pella:
15-Year vs. 30-Year Mortgage in Pella
Choosing a 15-year mortgage in Pella at 6.07% instead of a 30-year at 6.85% would save you $101,880 in total interest over the life of the loan. However, your monthly payment would be $1,038 instead of $802 — an increase of $236 per month.
Calculate Your Pella 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 Pella
What are the current mortgage rates in Pella, IA?
As of March 2026, the average 30-year fixed mortgage rate in Pella, Iowa 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 Pella?
Based on the median home price of $153,000 with 20% down, the estimated monthly mortgage payment in Pella is $802 for principal and interest. Including property taxes of $209/month, the total monthly housing cost is approximately $1,011.
What income do I need to buy a home in Pella?
Using the 28% rule, you would need an annual income of approximately $43,329 to afford the median-priced home in Pella at $153,000. The median household income in Pella is $54,100. The median income is currently sufficient to meet this threshold.
Is Pella a good place to buy a home in 2026?
Pella offers a below-average cost of living with a cost of living index of 86.2 (national average = 100). The property tax rate in Iowa is 1.64%, which is above the national average. Pella has a population of 10,352 and offers a very affordable lifestyle.
Mortgage Rates in Other Iowa Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pella, Iowa area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.