Mortgage Rates in Salida, Colorado — March 2026
Updated March 2026 | Based on Salida market data and regional lending conditions
Salida is a growing city in Colorado with a population of 5,936. The current 30-year fixed mortgage rate in Salida is 6.65%, which is at 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 $2,439.
Current Mortgage Rates in Salida, CO
Below are the current average mortgage rates available in the Salida 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Salida Housing Market Overview
The Salida housing market reflects moderate demand with prices near the national average. The median household income in Salida is $71,900, and the cost of living index is 105.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $113,186 to comfortably afford the median-priced home in Salida, which exceeds the current median household income.
Monthly Payment Breakdown for Salida
Based on the median home price of $475,000 with 20% down ($95,000), here is what you can expect to pay monthly in Salida:
15-Year vs. 30-Year Mortgage in Salida
Choosing a 15-year mortgage in Salida at 5.91% instead of a 30-year at 6.65% would save you $304,200 in total interest over the life of the loan. However, your monthly payment would be $3,188 instead of $2,439 — an increase of $749 per month.
Calculate Your Salida 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 Salida
What are the current mortgage rates in Salida, CO?
As of March 2026, the average 30-year fixed mortgage rate in Salida, Colorado is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Salida?
Based on the median home price of $475,000 with 20% down, the estimated monthly mortgage payment in Salida is $2,439 for principal and interest. Including property taxes of $202/month, the total monthly housing cost is approximately $2,641.
What income do I need to buy a home in Salida?
Using the 28% rule, you would need an annual income of approximately $113,186 to afford the median-priced home in Salida at $475,000. The median household income in Salida is $71,900. This means most households would need to either earn above the median or consider homes below $475,000.
Is Salida a good place to buy a home in 2026?
Salida has a moderate cost of living with a cost of living index of 105.4 (national average = 100). The property tax rate in Colorado is 0.51%, which is below the national average. Salida has a population of 5,936 and offers a balanced lifestyle.
Mortgage Rates in Other Colorado Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Salida, Colorado area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.