Mortgage Rates in St. Clair Shores, Michigan — March 2026
Updated March 2026 | Based on St. Clair Shores market data and regional lending conditions
St. Clair Shores is a growing city in Michigan with a population of 59,715. The current 30-year fixed mortgage rate in St. Clair Shores is 6.73%, which is 0.08% above the national average. With a median home price of $235,000 and a 20% down payment of $47,000, homebuyers can expect a monthly principal and interest payment of approximately $1,217.
Current Mortgage Rates in St. Clair Shores, MI
Below are the current average mortgage rates available in the St. Clair Shores 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 | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
St. Clair Shores Housing Market Overview
The St. Clair Shores housing market offers relatively affordable housing compared to many major cities. The median household income in St. Clair Shores is $61,900, and the cost of living index is 91.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $64,671 to comfortably afford the median-priced home in St. Clair Shores, which exceeds the current median household income.
Monthly Payment Breakdown for St. Clair Shores
Based on the median home price of $235,000 with 20% down ($47,000), here is what you can expect to pay monthly in St. Clair Shores:
15-Year vs. 30-Year Mortgage in St. Clair Shores
Choosing a 15-year mortgage in St. Clair Shores at 5.98% instead of a 30-year at 6.73% would save you $153,000 in total interest over the life of the loan. However, your monthly payment would be $1,584 instead of $1,217 — an increase of $367 per month.
Calculate Your St. Clair Shores 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 St. Clair Shores
What are the current mortgage rates in St. Clair Shores, MI?
As of March 2026, the average 30-year fixed mortgage rate in St. Clair Shores, Michigan is 6.73%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in St. Clair Shores?
Based on the median home price of $235,000 with 20% down, the estimated monthly mortgage payment in St. Clair Shores is $1,217 for principal and interest. Including property taxes of $292/month, the total monthly housing cost is approximately $1,509.
What income do I need to buy a home in St. Clair Shores?
Using the 28% rule, you would need an annual income of approximately $64,671 to afford the median-priced home in St. Clair Shores at $235,000. The median household income in St. Clair Shores is $61,900. This means most households would need to either earn above the median or consider homes below $235,000.
Is St. Clair Shores a good place to buy a home in 2026?
St. Clair Shores offers a below-average cost of living with a cost of living index of 91.1 (national average = 100). The property tax rate in Michigan is 1.49%, which is near the national average. St. Clair Shores has a population of 59,715 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the St. Clair Shores, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.