Mortgage Rates in Simi Valley, California — March 2026
Updated March 2026 | Based on Simi Valley market data and regional lending conditions
Simi Valley is a growing city in California with a population of 126,356. The current 30-year fixed mortgage rate in Simi Valley is 6.74%, which is 0.09% above the national average. With a median home price of $757,000 and a 20% down payment of $151,400, homebuyers can expect a monthly principal and interest payment of approximately $3,924.
Current Mortgage Rates in Simi Valley, CA
Below are the current average mortgage rates available in the Simi Valley 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Simi Valley Housing Market Overview
The Simi Valley housing market is competitive with prices well above the national median. The median household income in Simi Valley is $88,700, and the cost of living index is 155.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $189,814 to comfortably afford the median-priced home in Simi Valley, which exceeds the current median household income.
Monthly Payment Breakdown for Simi Valley
Based on the median home price of $757,000 with 20% down ($151,400), here is what you can expect to pay monthly in Simi Valley:
15-Year vs. 30-Year Mortgage in Simi Valley
Choosing a 15-year mortgage in Simi Valley at 5.98% instead of a 30-year at 6.74% would save you $493,920 in total interest over the life of the loan. However, your monthly payment would be $5,104 instead of $3,924 — an increase of $1,180 per month.
Calculate Your Simi Valley 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 Simi Valley
What are the current mortgage rates in Simi Valley, CA?
As of March 2026, the average 30-year fixed mortgage rate in Simi Valley, California is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Simi Valley?
Based on the median home price of $757,000 with 20% down, the estimated monthly mortgage payment in Simi Valley is $3,924 for principal and interest. Including property taxes of $505/month, the total monthly housing cost is approximately $4,429.
What income do I need to buy a home in Simi Valley?
Using the 28% rule, you would need an annual income of approximately $189,814 to afford the median-priced home in Simi Valley at $757,000. The median household income in Simi Valley is $88,700. This means most households would need to either earn above the median or consider homes below $757,000.
Is Simi Valley a good place to buy a home in 2026?
Simi Valley has a higher cost of living than average with a cost of living index of 155.6 (national average = 100). The property tax rate in California is 0.8%, which is below the national average. Simi Valley has a population of 126,356 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Simi Valley, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.