Mortgage Rates in Radford, Virginia — March 2026
Updated March 2026 | Based on Radford market data and regional lending conditions
Radford is a growing city in Virginia with a population of 18,249. The current 30-year fixed mortgage rate in Radford is 6.05%, which is 0.6% below the national average. With a median home price of $195,000 and a 20% down payment of $39,000, homebuyers can expect a monthly principal and interest payment of approximately $941.
Current Mortgage Rates in Radford, VA
Below are the current average mortgage rates available in the Radford 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 | 6.05% | 6.65% | -0.6% |
| 15-Year Fixed | 5.29% | 5.89% | -0.6% |
| 5/1 ARM | 5.55% | 6.15% | -0.6% |
| FHA | 5.65% | 6.25% | -0.6% |
| VA | 5.45% | 6.05% | -0.6% |
| Jumbo | 6.25% | 6.85% | -0.6% |
Radford Housing Market Overview
The Radford housing market offers relatively affordable housing compared to many major cities. The median household income in Radford is $35,000, and the cost of living index is 84 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $45,814 to comfortably afford the median-priced home in Radford, which exceeds the current median household income.
Monthly Payment Breakdown for Radford
Based on the median home price of $195,000 with 20% down ($39,000), here is what you can expect to pay monthly in Radford:
15-Year vs. 30-Year Mortgage in Radford
Choosing a 15-year mortgage in Radford at 5.29% instead of a 30-year at 6.05% would save you $112,500 in total interest over the life of the loan. However, your monthly payment would be $1,257 instead of $941 — an increase of $316 per month.
Calculate Your Radford 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 Radford
What are the current mortgage rates in Radford, VA?
As of March 2026, the average 30-year fixed mortgage rate in Radford, Virginia is 6.05%, while the 15-year fixed rate is 5.29%. FHA loans average 5.65% and VA loans 5.45%. These rates are 0.6% below the national average of 6.65%.
How much is a monthly mortgage payment in Radford?
Based on the median home price of $195,000 with 20% down, the estimated monthly mortgage payment in Radford is $941 for principal and interest. Including property taxes of $128/month, the total monthly housing cost is approximately $1,069.
What income do I need to buy a home in Radford?
Using the 28% rule, you would need an annual income of approximately $45,814 to afford the median-priced home in Radford at $195,000. The median household income in Radford is $35,000. This means most households would need to either earn above the median or consider homes below $195,000.
Is Radford a good place to buy a home in 2026?
Radford offers a below-average cost of living with a cost of living index of 84 (national average = 100). The property tax rate in Virginia is 0.79%, which is below the national average. Radford has a population of 18,249 and offers a very affordable lifestyle.
Mortgage Rates in Other Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Radford, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.