Mortgage Rates in Short Pump, Virginia — March 2026
Updated March 2026 | Based on Short Pump market data and regional lending conditions
Short Pump is a growing city in Virginia with a population of 27,364. The current 30-year fixed mortgage rate in Short Pump is 6.61%, which is 0.04% below the national average. With a median home price of $335,000 and a 20% down payment of $67,000, homebuyers can expect a monthly principal and interest payment of approximately $1,713.
Current Mortgage Rates in Short Pump, VA
Below are the current average mortgage rates available in the Short Pump 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Short Pump Housing Market Overview
The Short Pump housing market reflects moderate demand with prices near the national average. The median household income in Short Pump is $73,700, and the cost of living index is 103.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $82,371 to comfortably afford the median-priced home in Short Pump, which exceeds the current median household income.
Monthly Payment Breakdown for Short Pump
Based on the median home price of $335,000 with 20% down ($67,000), here is what you can expect to pay monthly in Short Pump:
15-Year vs. 30-Year Mortgage in Short Pump
Choosing a 15-year mortgage in Short Pump at 5.88% instead of a 30-year at 6.61% would save you $212,760 in total interest over the life of the loan. However, your monthly payment would be $2,244 instead of $1,713 — an increase of $531 per month.
Calculate Your Short Pump Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Short Pump
What are the current mortgage rates in Short Pump, VA?
As of March 2026, the average 30-year fixed mortgage rate in Short Pump, Virginia is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Short Pump?
Based on the median home price of $335,000 with 20% down, the estimated monthly mortgage payment in Short Pump is $1,713 for principal and interest. Including property taxes of $209/month, the total monthly housing cost is approximately $1,922.
What income do I need to buy a home in Short Pump?
Using the 28% rule, you would need an annual income of approximately $82,371 to afford the median-priced home in Short Pump at $335,000. The median household income in Short Pump is $73,700. This means most households would need to either earn above the median or consider homes below $335,000.
Is Short Pump a good place to buy a home in 2026?
Short Pump has a moderate cost of living with a cost of living index of 103.1 (national average = 100). The property tax rate in Virginia is 0.75%, which is below the national average. Short Pump has a population of 27,364 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Short Pump, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.