Mortgage Rates in Spring, Texas — March 2026
Updated March 2026 | Based on Spring market data and regional lending conditions
Spring is a growing city in Texas with a population of 61,955. The current 30-year fixed mortgage rate in Spring is 6.69%, which is 0.04% above the national average. With a median home price of $279,000 and a 20% down payment of $55,800, homebuyers can expect a monthly principal and interest payment of approximately $1,439.
Current Mortgage Rates in Spring, TX
Below are the current average mortgage rates available in the Spring 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Spring Housing Market Overview
The Spring housing market offers relatively affordable housing compared to many major cities. The median household income in Spring is $62,400, and the cost of living index is 90.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $80,100 to comfortably afford the median-priced home in Spring, which exceeds the current median household income.
Monthly Payment Breakdown for Spring
Based on the median home price of $279,000 with 20% down ($55,800), here is what you can expect to pay monthly in Spring:
15-Year vs. 30-Year Mortgage in Spring
Choosing a 15-year mortgage in Spring at 5.94% instead of a 30-year at 6.69% would save you $180,360 in total interest over the life of the loan. However, your monthly payment would be $1,876 instead of $1,439 — an increase of $437 per month.
Calculate Your Spring 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 Spring
What are the current mortgage rates in Spring, TX?
As of March 2026, the average 30-year fixed mortgage rate in Spring, Texas is 6.69%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Spring?
Based on the median home price of $279,000 with 20% down, the estimated monthly mortgage payment in Spring is $1,439 for principal and interest. Including property taxes of $430/month, the total monthly housing cost is approximately $1,869.
What income do I need to buy a home in Spring?
Using the 28% rule, you would need an annual income of approximately $80,100 to afford the median-priced home in Spring at $279,000. The median household income in Spring is $62,400. This means most households would need to either earn above the median or consider homes below $279,000.
Is Spring a good place to buy a home in 2026?
Spring offers a below-average cost of living with a cost of living index of 90.8 (national average = 100). The property tax rate in Texas is 1.85%, which is above the national average. Spring has a population of 61,955 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Spring, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.