Mortgage Rates in Ridgecrest, California — March 2026
Updated March 2026 | Based on Ridgecrest market data and regional lending conditions
Ridgecrest is a growing city in California with a population of 28,780. The current 30-year fixed mortgage rate in Ridgecrest is 6.78%, which is 0.13% above the national average. With a median home price of $673,000 and a 20% down payment of $134,600, homebuyers can expect a monthly principal and interest payment of approximately $3,503.
Current Mortgage Rates in Ridgecrest, CA
Below are the current average mortgage rates available in the Ridgecrest 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 | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.03% | 6.85% | +0.18% |
Ridgecrest Housing Market Overview
The Ridgecrest housing market is competitive with prices well above the national median. The median household income in Ridgecrest is $71,600, and the cost of living index is 144.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $169,114 to comfortably afford the median-priced home in Ridgecrest, which exceeds the current median household income.
Monthly Payment Breakdown for Ridgecrest
Based on the median home price of $673,000 with 20% down ($134,600), here is what you can expect to pay monthly in Ridgecrest:
15-Year vs. 30-Year Mortgage in Ridgecrest
Choosing a 15-year mortgage in Ridgecrest at 6.02% instead of a 30-year at 6.78% would save you $442,260 in total interest over the life of the loan. However, your monthly payment would be $4,549 instead of $3,503 — an increase of $1,046 per month.
Calculate Your Ridgecrest Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Ridgecrest
What are the current mortgage rates in Ridgecrest, CA?
As of March 2026, the average 30-year fixed mortgage rate in Ridgecrest, California is 6.78%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in Ridgecrest?
Based on the median home price of $673,000 with 20% down, the estimated monthly mortgage payment in Ridgecrest is $3,503 for principal and interest. Including property taxes of $443/month, the total monthly housing cost is approximately $3,946.
What income do I need to buy a home in Ridgecrest?
Using the 28% rule, you would need an annual income of approximately $169,114 to afford the median-priced home in Ridgecrest at $673,000. The median household income in Ridgecrest is $71,600. This means most households would need to either earn above the median or consider homes below $673,000.
Is Ridgecrest a good place to buy a home in 2026?
Ridgecrest has a higher cost of living than average with a cost of living index of 144.5 (national average = 100). The property tax rate in California is 0.79%, which is below the national average. Ridgecrest has a population of 28,780 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ridgecrest, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.