Mortgage Rates in Prescott, Arizona — March 2026
Updated March 2026 | Based on Prescott market data and regional lending conditions
Prescott is a growing city in Arizona with a population of 45,827. The current 30-year fixed mortgage rate in Prescott is 6.78%, which is 0.13% above the national average. With a median home price of $333,000 and a 20% down payment of $66,600, homebuyers can expect a monthly principal and interest payment of approximately $1,733.
Current Mortgage Rates in Prescott, AZ
Below are the current average mortgage rates available in the Prescott 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.03% | 6.85% | +0.18% |
Prescott Housing Market Overview
The Prescott housing market reflects moderate demand with prices near the national average. The median household income in Prescott is $54,400, and the cost of living index is 104.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $81,986 to comfortably afford the median-priced home in Prescott, which exceeds the current median household income.
Monthly Payment Breakdown for Prescott
Based on the median home price of $333,000 with 20% down ($66,600), here is what you can expect to pay monthly in Prescott:
15-Year vs. 30-Year Mortgage in Prescott
Choosing a 15-year mortgage in Prescott at 6.01% instead of a 30-year at 6.78% would save you $219,060 in total interest over the life of the loan. However, your monthly payment would be $2,249 instead of $1,733 — an increase of $516 per month.
Calculate Your Prescott 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 Prescott
What are the current mortgage rates in Prescott, AZ?
As of March 2026, the average 30-year fixed mortgage rate in Prescott, Arizona is 6.78%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in Prescott?
Based on the median home price of $333,000 with 20% down, the estimated monthly mortgage payment in Prescott is $1,733 for principal and interest. Including property taxes of $180/month, the total monthly housing cost is approximately $1,913.
What income do I need to buy a home in Prescott?
Using the 28% rule, you would need an annual income of approximately $81,986 to afford the median-priced home in Prescott at $333,000. The median household income in Prescott is $54,400. This means most households would need to either earn above the median or consider homes below $333,000.
Is Prescott a good place to buy a home in 2026?
Prescott has a moderate cost of living with a cost of living index of 104.1 (national average = 100). The property tax rate in Arizona is 0.65%, which is below the national average. Prescott has a population of 45,827 and offers a balanced lifestyle.
Mortgage Rates in Other Arizona Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Prescott, Arizona area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.