Mortgage Rates in Piqua, Ohio — March 2026
Updated March 2026 | Based on Piqua market data and regional lending conditions
Piqua is a growing city in Ohio with a population of 21,268. The current 30-year fixed mortgage rate in Piqua is 6.89%, which is 0.24% above the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $921.
Current Mortgage Rates in Piqua, OH
Below are the current average mortgage rates available in the Piqua 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 | 6.89% | 6.65% | +0.24% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.14% | 6.85% | +0.29% |
Piqua Housing Market Overview
The Piqua housing market offers relatively affordable housing compared to many major cities. The median household income in Piqua is $47,300, and the cost of living index is 81.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $49,843 to comfortably afford the median-priced home in Piqua, which exceeds the current median household income.
Monthly Payment Breakdown for Piqua
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Piqua:
15-Year vs. 30-Year Mortgage in Piqua
Choosing a 15-year mortgage in Piqua at 6.1% instead of a 30-year at 6.89% would save you $117,540 in total interest over the life of the loan. However, your monthly payment would be $1,189 instead of $921 — an increase of $268 per month.
Calculate Your Piqua 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 Piqua
What are the current mortgage rates in Piqua, OH?
As of March 2026, the average 30-year fixed mortgage rate in Piqua, Ohio is 6.89%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.24% above the national average of 6.65%.
How much is a monthly mortgage payment in Piqua?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Piqua is $921 for principal and interest. Including property taxes of $242/month, the total monthly housing cost is approximately $1,163.
What income do I need to buy a home in Piqua?
Using the 28% rule, you would need an annual income of approximately $49,843 to afford the median-priced home in Piqua at $175,000. The median household income in Piqua is $47,300. This means most households would need to either earn above the median or consider homes below $175,000.
Is Piqua a good place to buy a home in 2026?
Piqua offers a below-average cost of living with a cost of living index of 81.5 (national average = 100). The property tax rate in Ohio is 1.66%, which is above the national average. Piqua has a population of 21,268 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Piqua, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.