Mortgage Rates in Sacramento, California — March 2026
Updated March 2026 | Based on Sacramento market data and regional lending conditions
Sacramento is a major metropolitan area in California with a population of 524,943. The current 30-year fixed mortgage rate in Sacramento is 6.55%, which is 0.1% below the national average. With a median home price of $475,000 and a 20% down payment of $95,000, homebuyers can expect a monthly principal and interest payment of approximately $2,414.
Current Mortgage Rates in Sacramento, CA
Below are the current average mortgage rates available in the Sacramento 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 | 6.55% | 6.65% | -0.1% |
| 15-Year Fixed | 5.79% | 5.89% | -0.1% |
| 5/1 ARM | 6.05% | 6.15% | -0.1% |
| FHA | 6.15% | 6.25% | -0.1% |
| VA | 5.95% | 6.05% | -0.1% |
| Jumbo | 6.75% | 6.85% | -0.1% |
Sacramento Housing Market Overview
The Sacramento housing market reflects moderate demand with prices near the national average. The median household income in Sacramento is $62,335, and the cost of living index is 113.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $116,357 to comfortably afford the median-priced home in Sacramento, which exceeds the current median household income.
Monthly Payment Breakdown for Sacramento
Based on the median home price of $475,000 with 20% down ($95,000), here is what you can expect to pay monthly in Sacramento:
15-Year vs. 30-Year Mortgage in Sacramento
Choosing a 15-year mortgage in Sacramento at 5.79% instead of a 30-year at 6.55% would save you $299,520 in total interest over the life of the loan. However, your monthly payment would be $3,164 instead of $2,414 — an increase of $750 per month.
Calculate Your Sacramento 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 Sacramento
What are the current mortgage rates in Sacramento, CA?
As of March 2026, the average 30-year fixed mortgage rate in Sacramento, California is 6.55%, while the 15-year fixed rate is 5.79%. FHA loans average 6.15% and VA loans 5.95%. These rates are 0.1% below the national average of 6.65%.
How much is a monthly mortgage payment in Sacramento?
Based on the median home price of $475,000 with 20% down, the estimated monthly mortgage payment in Sacramento is $2,414 for principal and interest. Including property taxes of $301/month, the total monthly housing cost is approximately $2,715.
What income do I need to buy a home in Sacramento?
Using the 28% rule, you would need an annual income of approximately $116,357 to afford the median-priced home in Sacramento at $475,000. The median household income in Sacramento is $62,335. This means most households would need to either earn above the median or consider homes below $475,000.
Is Sacramento a good place to buy a home in 2026?
Sacramento has a moderate cost of living with a cost of living index of 113.9 (national average = 100). The property tax rate in California is 0.76%, which is below the national average. As a major city with 524,943 residents, Sacramento offers diverse employment opportunities and amenities.
Mortgage Rates in Other California Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Sacramento, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.