Mortgage Rates in Prichard, Alabama — March 2026
Updated March 2026 | Based on Prichard market data and regional lending conditions
Prichard is a growing city in Alabama with a population of 19,073. The current 30-year fixed mortgage rate in Prichard is 6.77%, which is 0.12% above the national average. With a median home price of $160,000 and a 20% down payment of $32,000, homebuyers can expect a monthly principal and interest payment of approximately $832.
Current Mortgage Rates in Prichard, AL
Below are the current average mortgage rates available in the Prichard 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Prichard Housing Market Overview
The Prichard housing market offers relatively affordable housing compared to many major cities. The median household income in Prichard is $48,400, and the cost of living index is 77.8 (national average = 100). Based on the 28% affordability rule, the median income in Prichard is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Prichard
Based on the median home price of $160,000 with 20% down ($32,000), here is what you can expect to pay monthly in Prichard:
15-Year vs. 30-Year Mortgage in Prichard
Choosing a 15-year mortgage in Prichard at 6.01% instead of a 30-year at 6.77% would save you $104,940 in total interest over the life of the loan. However, your monthly payment would be $1,081 instead of $832 — an increase of $249 per month.
Calculate Your Prichard 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 Prichard
What are the current mortgage rates in Prichard, AL?
As of March 2026, the average 30-year fixed mortgage rate in Prichard, Alabama is 6.77%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Prichard?
Based on the median home price of $160,000 with 20% down, the estimated monthly mortgage payment in Prichard is $832 for principal and interest. Including property taxes of $52/month, the total monthly housing cost is approximately $884.
What income do I need to buy a home in Prichard?
Using the 28% rule, you would need an annual income of approximately $37,886 to afford the median-priced home in Prichard at $160,000. The median household income in Prichard is $48,400. The median income is currently sufficient to meet this threshold.
Is Prichard a good place to buy a home in 2026?
Prichard offers a below-average cost of living with a cost of living index of 77.8 (national average = 100). The property tax rate in Alabama is 0.39%, which is below the national average. Prichard has a population of 19,073 and offers a very affordable lifestyle.
Mortgage Rates in Other Alabama Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Prichard, Alabama area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.