Mortgage Rates in Snohomish, Washington — March 2026
Updated March 2026 | Based on Snohomish market data and regional lending conditions
Snohomish is a growing city in Washington with a population of 10,300. The current 30-year fixed mortgage rate in Snohomish is 6.74%, which is 0.09% above the national average. With a median home price of $452,000 and a 20% down payment of $90,400, homebuyers can expect a monthly principal and interest payment of approximately $2,343.
Current Mortgage Rates in Snohomish, WA
Below are the current average mortgage rates available in the Snohomish 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 | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Snohomish Housing Market Overview
The Snohomish housing market reflects moderate demand with prices near the national average. The median household income in Snohomish is $72,300, and the cost of living index is 114.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $114,943 to comfortably afford the median-priced home in Snohomish, which exceeds the current median household income.
Monthly Payment Breakdown for Snohomish
Based on the median home price of $452,000 with 20% down ($90,400), here is what you can expect to pay monthly in Snohomish:
15-Year vs. 30-Year Mortgage in Snohomish
Choosing a 15-year mortgage in Snohomish at 5.98% instead of a 30-year at 6.74% would save you $295,020 in total interest over the life of the loan. However, your monthly payment would be $3,047 instead of $2,343 — an increase of $704 per month.
Calculate Your Snohomish 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 Snohomish
What are the current mortgage rates in Snohomish, WA?
As of March 2026, the average 30-year fixed mortgage rate in Snohomish, Washington 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 Snohomish?
Based on the median home price of $452,000 with 20% down, the estimated monthly mortgage payment in Snohomish is $2,343 for principal and interest. Including property taxes of $339/month, the total monthly housing cost is approximately $2,682.
What income do I need to buy a home in Snohomish?
Using the 28% rule, you would need an annual income of approximately $114,943 to afford the median-priced home in Snohomish at $452,000. The median household income in Snohomish is $72,300. This means most households would need to either earn above the median or consider homes below $452,000.
Is Snohomish a good place to buy a home in 2026?
Snohomish has a moderate cost of living with a cost of living index of 114.5 (national average = 100). The property tax rate in Washington is 0.9%, which is near the national average. Snohomish has a population of 10,300 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Snohomish, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.