Mortgage Rates in Richland, Washington — March 2026
Updated March 2026 | Based on Richland market data and regional lending conditions
Richland is a growing city in Washington with a population of 60,560. The current 30-year fixed mortgage rate in Richland is 6.89%, which is 0.24% above the national average. With a median home price of $543,000 and a 20% down payment of $108,600, homebuyers can expect a monthly principal and interest payment of approximately $2,858.
Current Mortgage Rates in Richland, WA
Below are the current average mortgage rates available in the Richland 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% |
Richland Housing Market Overview
The Richland housing market is competitive with prices well above the national median. The median household income in Richland is $78,600, and the cost of living index is 108.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $141,086 to comfortably afford the median-priced home in Richland, which exceeds the current median household income.
Monthly Payment Breakdown for Richland
Based on the median home price of $543,000 with 20% down ($108,600), here is what you can expect to pay monthly in Richland:
15-Year vs. 30-Year Mortgage in Richland
Choosing a 15-year mortgage in Richland at 6.1% instead of a 30-year at 6.89% would save you $364,860 in total interest over the life of the loan. However, your monthly payment would be $3,689 instead of $2,858 — an increase of $831 per month.
Calculate Your Richland 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 Richland
What are the current mortgage rates in Richland, WA?
As of March 2026, the average 30-year fixed mortgage rate in Richland, Washington 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 Richland?
Based on the median home price of $543,000 with 20% down, the estimated monthly mortgage payment in Richland is $2,858 for principal and interest. Including property taxes of $434/month, the total monthly housing cost is approximately $3,292.
What income do I need to buy a home in Richland?
Using the 28% rule, you would need an annual income of approximately $141,086 to afford the median-priced home in Richland at $543,000. The median household income in Richland is $78,600. This means most households would need to either earn above the median or consider homes below $543,000.
Is Richland a good place to buy a home in 2026?
Richland has a moderate cost of living with a cost of living index of 108.7 (national average = 100). The property tax rate in Washington is 0.96%, which is near the national average. Richland has a population of 60,560 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Richland, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.