Mortgage Rates in Tempe, Arizona — March 2026
Updated March 2026 | Based on Tempe market data and regional lending conditions
Tempe is a growing city in Arizona with a population of 180,587. The current 30-year fixed mortgage rate in Tempe is 6.67%, which is 0.02% above the national average. With a median home price of $415,000 and a 20% down payment of $83,000, homebuyers can expect a monthly principal and interest payment of approximately $2,136.
Current Mortgage Rates in Tempe, AZ
Below are the current average mortgage rates available in the Tempe 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 | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Tempe Housing Market Overview
The Tempe housing market reflects moderate demand with prices near the national average. The median household income in Tempe is $56,825, and the cost of living index is 101.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $100,714 to comfortably afford the median-priced home in Tempe, which exceeds the current median household income.
Monthly Payment Breakdown for Tempe
Based on the median home price of $415,000 with 20% down ($83,000), here is what you can expect to pay monthly in Tempe:
15-Year vs. 30-Year Mortgage in Tempe
Choosing a 15-year mortgage in Tempe at 5.91% instead of a 30-year at 6.67% would save you $267,660 in total interest over the life of the loan. However, your monthly payment would be $2,785 instead of $2,136 — an increase of $649 per month.
Calculate Your Tempe Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Tempe
What are the current mortgage rates in Tempe, AZ?
As of March 2026, the average 30-year fixed mortgage rate in Tempe, Arizona is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Tempe?
Based on the median home price of $415,000 with 20% down, the estimated monthly mortgage payment in Tempe is $2,136 for principal and interest. Including property taxes of $214/month, the total monthly housing cost is approximately $2,350.
What income do I need to buy a home in Tempe?
Using the 28% rule, you would need an annual income of approximately $100,714 to afford the median-priced home in Tempe at $415,000. The median household income in Tempe is $56,825. This means most households would need to either earn above the median or consider homes below $415,000.
Is Tempe a good place to buy a home in 2026?
Tempe has a moderate cost of living with a cost of living index of 101.5 (national average = 100). The property tax rate in Arizona is 0.62%, which is below the national average. Tempe has a population of 180,587 and offers a balanced lifestyle.
Mortgage Rates in Other Arizona Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Tempe, Arizona area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.