Mortgage Rates in Reynoldsburg, Ohio — March 2026
Updated March 2026 | Based on Reynoldsburg market data and regional lending conditions
Reynoldsburg is a growing city in Ohio with a population of 38,846. The current 30-year fixed mortgage rate in Reynoldsburg is 6.02%, which is 0.63% below the national average. With a median home price of $245,000 and a 20% down payment of $49,000, homebuyers can expect a monthly principal and interest payment of approximately $1,178.
Current Mortgage Rates in Reynoldsburg, OH
Below are the current average mortgage rates available in the Reynoldsburg 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 | 6.02% | 6.65% | -0.63% |
| 15-Year Fixed | 5.26% | 5.89% | -0.63% |
| 5/1 ARM | 5.52% | 6.15% | -0.63% |
| FHA | 5.62% | 6.25% | -0.63% |
| VA | 5.42% | 6.05% | -0.63% |
| Jumbo | 6.22% | 6.85% | -0.63% |
Reynoldsburg Housing Market Overview
The Reynoldsburg housing market offers relatively affordable housing compared to many major cities. The median household income in Reynoldsburg is $52,000, and the cost of living index is 88 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $64,157 to comfortably afford the median-priced home in Reynoldsburg, which exceeds the current median household income.
Monthly Payment Breakdown for Reynoldsburg
Based on the median home price of $245,000 with 20% down ($49,000), here is what you can expect to pay monthly in Reynoldsburg:
15-Year vs. 30-Year Mortgage in Reynoldsburg
Choosing a 15-year mortgage in Reynoldsburg at 5.26% instead of a 30-year at 6.02% would save you $140,220 in total interest over the life of the loan. However, your monthly payment would be $1,577 instead of $1,178 — an increase of $399 per month.
Calculate Your Reynoldsburg 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 Reynoldsburg
What are the current mortgage rates in Reynoldsburg, OH?
As of March 2026, the average 30-year fixed mortgage rate in Reynoldsburg, Ohio is 6.02%, while the 15-year fixed rate is 5.26%. FHA loans average 5.62% and VA loans 5.42%. These rates are 0.63% below the national average of 6.65%.
How much is a monthly mortgage payment in Reynoldsburg?
Based on the median home price of $245,000 with 20% down, the estimated monthly mortgage payment in Reynoldsburg is $1,178 for principal and interest. Including property taxes of $319/month, the total monthly housing cost is approximately $1,497.
What income do I need to buy a home in Reynoldsburg?
Using the 28% rule, you would need an annual income of approximately $64,157 to afford the median-priced home in Reynoldsburg at $245,000. The median household income in Reynoldsburg is $52,000. This means most households would need to either earn above the median or consider homes below $245,000.
Is Reynoldsburg a good place to buy a home in 2026?
Reynoldsburg offers a below-average cost of living with a cost of living index of 88 (national average = 100). The property tax rate in Ohio is 1.56%, which is above the national average. Reynoldsburg has a population of 38,846 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 Reynoldsburg, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.