Mortgage Rates in State College, Pennsylvania — March 2026
Updated March 2026 | Based on State College market data and regional lending conditions
State College is a growing city in Pennsylvania with a population of 42,034. The current 30-year fixed mortgage rate in State College is 6.64%, which is 0.01% below the national average. With a median home price of $224,000 and a 20% down payment of $44,800, homebuyers can expect a monthly principal and interest payment of approximately $1,149.
Current Mortgage Rates in State College, PA
Below are the current average mortgage rates available in the State College 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 | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.89% | 6.85% | +0.04% |
State College Housing Market Overview
The State College housing market offers relatively affordable housing compared to many major cities. The median household income in State College is $59,400, and the cost of living index is 88.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $60,429 to comfortably afford the median-priced home in State College, which exceeds the current median household income.
Monthly Payment Breakdown for State College
Based on the median home price of $224,000 with 20% down ($44,800), here is what you can expect to pay monthly in State College:
15-Year vs. 30-Year Mortgage in State College
Choosing a 15-year mortgage in State College at 5.9% instead of a 30-year at 6.64% would save you $143,100 in total interest over the life of the loan. However, your monthly payment would be $1,503 instead of $1,149 — an increase of $354 per month.
Calculate Your State College Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in State College
What are the current mortgage rates in State College, PA?
As of March 2026, the average 30-year fixed mortgage rate in State College, Pennsylvania is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in State College?
Based on the median home price of $224,000 with 20% down, the estimated monthly mortgage payment in State College is $1,149 for principal and interest. Including property taxes of $261/month, the total monthly housing cost is approximately $1,410.
What income do I need to buy a home in State College?
Using the 28% rule, you would need an annual income of approximately $60,429 to afford the median-priced home in State College at $224,000. The median household income in State College is $59,400. This means most households would need to either earn above the median or consider homes below $224,000.
Is State College a good place to buy a home in 2026?
State College offers a below-average cost of living with a cost of living index of 88.1 (national average = 100). The property tax rate in Pennsylvania is 1.4%, which is near the national average. State College has a population of 42,034 and offers a very affordable lifestyle.
Mortgage Rates in Other Pennsylvania Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the State College, Pennsylvania area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.