Mortgage Rates in Pico Rivera, California — March 2026
Updated March 2026 | Based on Pico Rivera market data and regional lending conditions
Pico Rivera is a growing city in California with a population of 63,522. The current 30-year fixed mortgage rate in Pico Rivera is 6.65%, which is at the national average. With a median home price of $699,000 and a 20% down payment of $139,800, homebuyers can expect a monthly principal and interest payment of approximately $3,590.
Current Mortgage Rates in Pico Rivera, CA
Below are the current average mortgage rates available in the Pico Rivera 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Pico Rivera Housing Market Overview
The Pico Rivera housing market is competitive with prices well above the national median. The median household income in Pico Rivera is $86,300, and the cost of living index is 152.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $171,814 to comfortably afford the median-priced home in Pico Rivera, which exceeds the current median household income.
Monthly Payment Breakdown for Pico Rivera
Based on the median home price of $699,000 with 20% down ($139,800), here is what you can expect to pay monthly in Pico Rivera:
15-Year vs. 30-Year Mortgage in Pico Rivera
Choosing a 15-year mortgage in Pico Rivera at 5.91% instead of a 30-year at 6.65% would save you $447,840 in total interest over the life of the loan. However, your monthly payment would be $4,692 instead of $3,590 — an increase of $1,102 per month.
Calculate Your Pico Rivera 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 Pico Rivera
What are the current mortgage rates in Pico Rivera, CA?
As of March 2026, the average 30-year fixed mortgage rate in Pico Rivera, California is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Pico Rivera?
Based on the median home price of $699,000 with 20% down, the estimated monthly mortgage payment in Pico Rivera is $3,590 for principal and interest. Including property taxes of $419/month, the total monthly housing cost is approximately $4,009.
What income do I need to buy a home in Pico Rivera?
Using the 28% rule, you would need an annual income of approximately $171,814 to afford the median-priced home in Pico Rivera at $699,000. The median household income in Pico Rivera is $86,300. This means most households would need to either earn above the median or consider homes below $699,000.
Is Pico Rivera a good place to buy a home in 2026?
Pico Rivera has a higher cost of living than average with a cost of living index of 152.3 (national average = 100). The property tax rate in California is 0.72%, which is below the national average. Pico Rivera has a population of 63,522 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 Pico Rivera, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.