Mortgage Rates in Staunton, Virginia — March 2026
Updated March 2026 | Based on Staunton market data and regional lending conditions
Staunton is a growing city in Virginia with a population of 25,750. The current 30-year fixed mortgage rate in Staunton is 6.47%, which is 0.18% below the national average. With a median home price of $245,000 and a 20% down payment of $49,000, homebuyers can expect a monthly principal and interest payment of approximately $1,235.
Current Mortgage Rates in Staunton, VA
Below are the current average mortgage rates available in the Staunton 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 | 6.47% | 6.65% | -0.18% |
| 15-Year Fixed | 5.71% | 5.89% | -0.18% |
| 5/1 ARM | 5.97% | 6.15% | -0.18% |
| FHA | 6.07% | 6.25% | -0.18% |
| VA | 5.87% | 6.05% | -0.18% |
| Jumbo | 6.67% | 6.85% | -0.18% |
Staunton Housing Market Overview
The Staunton housing market offers relatively affordable housing compared to many major cities. The median household income in Staunton is $42,000, and the cost of living index is 90 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $60,171 to comfortably afford the median-priced home in Staunton, which exceeds the current median household income.
Monthly Payment Breakdown for Staunton
Based on the median home price of $245,000 with 20% down ($49,000), here is what you can expect to pay monthly in Staunton:
15-Year vs. 30-Year Mortgage in Staunton
Choosing a 15-year mortgage in Staunton at 5.71% instead of a 30-year at 6.47% would save you $152,460 in total interest over the life of the loan. However, your monthly payment would be $1,623 instead of $1,235 — an increase of $388 per month.
Calculate Your Staunton 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 Staunton
What are the current mortgage rates in Staunton, VA?
As of March 2026, the average 30-year fixed mortgage rate in Staunton, Virginia is 6.47%, while the 15-year fixed rate is 5.71%. FHA loans average 6.07% and VA loans 5.87%. These rates are 0.18% below the national average of 6.65%.
How much is a monthly mortgage payment in Staunton?
Based on the median home price of $245,000 with 20% down, the estimated monthly mortgage payment in Staunton is $1,235 for principal and interest. Including property taxes of $169/month, the total monthly housing cost is approximately $1,404.
What income do I need to buy a home in Staunton?
Using the 28% rule, you would need an annual income of approximately $60,171 to afford the median-priced home in Staunton at $245,000. The median household income in Staunton is $42,000. This means most households would need to either earn above the median or consider homes below $245,000.
Is Staunton a good place to buy a home in 2026?
Staunton offers a below-average cost of living with a cost of living index of 90 (national average = 100). The property tax rate in Virginia is 0.83%, which is near the national average. Staunton has a population of 25,750 and offers a very affordable lifestyle.
Mortgage Rates in Other Virginia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Staunton, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.