Mortgage Rates in Sioux City, Iowa — March 2026
Updated March 2026 | Based on Sioux City market data and regional lending conditions
Sioux City is a growing city in Iowa with a population of 85,797. The current 30-year fixed mortgage rate in Sioux City is 6.74%, which is 0.09% above the national average. With a median home price of $155,000 and a 20% down payment of $31,000, homebuyers can expect a monthly principal and interest payment of approximately $803.
Current Mortgage Rates in Sioux City, IA
Below are the current average mortgage rates available in the Sioux City 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 | 6.34% | 6.25% | +0.09% |
| VA | 6.14% | 6.05% | +0.09% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Sioux City Housing Market Overview
The Sioux City housing market offers relatively affordable housing compared to many major cities. The median household income in Sioux City is $48,250, and the cost of living index is 82.5 (national average = 100). Based on the 28% affordability rule, the median income in Sioux City is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Sioux City
Based on the median home price of $155,000 with 20% down ($31,000), here is what you can expect to pay monthly in Sioux City:
15-Year vs. 30-Year Mortgage in Sioux City
Choosing a 15-year mortgage in Sioux City at 5.98% instead of a 30-year at 6.74% would save you $100,980 in total interest over the life of the loan. However, your monthly payment would be $1,045 instead of $803 — an increase of $242 per month.
Calculate Your Sioux City 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 Sioux City
What are the current mortgage rates in Sioux City, IA?
As of March 2026, the average 30-year fixed mortgage rate in Sioux City, Iowa is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.34% and VA loans 6.14%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Sioux City?
Based on the median home price of $155,000 with 20% down, the estimated monthly mortgage payment in Sioux City is $803 for principal and interest. Including property taxes of $203/month, the total monthly housing cost is approximately $1,006.
What income do I need to buy a home in Sioux City?
Using the 28% rule, you would need an annual income of approximately $43,114 to afford the median-priced home in Sioux City at $155,000. The median household income in Sioux City is $48,250. The median income is currently sufficient to meet this threshold.
Is Sioux City a good place to buy a home in 2026?
Sioux City offers a below-average cost of living with a cost of living index of 82.5 (national average = 100). The property tax rate in Iowa is 1.57%, which is above the national average. Sioux City has a population of 85,797 and offers a very affordable lifestyle.
Mortgage Rates in Other Iowa Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Sioux City, Iowa area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.