Mortgage Rates in Pikesville, Maryland — March 2026
Updated March 2026 | Based on Pikesville market data and regional lending conditions
Pikesville is a growing city in Maryland with a population of 32,478. The current 30-year fixed mortgage rate in Pikesville is 6.68%, which is 0.03% above the national average. With a median home price of $339,000 and a 20% down payment of $67,800, homebuyers can expect a monthly principal and interest payment of approximately $1,746.
Current Mortgage Rates in Pikesville, MD
Below are the current average mortgage rates available in the Pikesville 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 | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Pikesville Housing Market Overview
The Pikesville housing market reflects moderate demand with prices near the national average. The median household income in Pikesville is $72,500, and the cost of living index is 105.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $88,157 to comfortably afford the median-priced home in Pikesville, which exceeds the current median household income.
Monthly Payment Breakdown for Pikesville
Based on the median home price of $339,000 with 20% down ($67,800), here is what you can expect to pay monthly in Pikesville:
15-Year vs. 30-Year Mortgage in Pikesville
Choosing a 15-year mortgage in Pikesville at 5.93% instead of a 30-year at 6.68% would save you $218,520 in total interest over the life of the loan. However, your monthly payment would be $2,278 instead of $1,746 — an increase of $532 per month.
Calculate Your Pikesville Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Pikesville
What are the current mortgage rates in Pikesville, MD?
As of March 2026, the average 30-year fixed mortgage rate in Pikesville, Maryland is 6.68%, while the 15-year fixed rate is 5.93%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Pikesville?
Based on the median home price of $339,000 with 20% down, the estimated monthly mortgage payment in Pikesville is $1,746 for principal and interest. Including property taxes of $311/month, the total monthly housing cost is approximately $2,057.
What income do I need to buy a home in Pikesville?
Using the 28% rule, you would need an annual income of approximately $88,157 to afford the median-priced home in Pikesville at $339,000. The median household income in Pikesville is $72,500. This means most households would need to either earn above the median or consider homes below $339,000.
Is Pikesville a good place to buy a home in 2026?
Pikesville has a moderate cost of living with a cost of living index of 105.4 (national average = 100). The property tax rate in Maryland is 1.1%, which is near the national average. Pikesville has a population of 32,478 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pikesville, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.