Mortgage Rates in The Woodlands, Texas — March 2026
Updated March 2026 | Based on The Woodlands market data and regional lending conditions
The Woodlands is a growing city in Texas with a population of 116,278. The current 30-year fixed mortgage rate in The Woodlands is 6.87%, which is 0.22% above the national average. With a median home price of $288,000 and a 20% down payment of $57,600, homebuyers can expect a monthly principal and interest payment of approximately $1,513.
Current Mortgage Rates in The Woodlands, TX
Below are the current average mortgage rates available in the The Woodlands 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 | 6.87% | 6.65% | +0.22% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.12% | 6.85% | +0.27% |
The Woodlands Housing Market Overview
The The Woodlands housing market offers relatively affordable housing compared to many major cities. The median household income in The Woodlands is $65,900, and the cost of living index is 90.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $83,143 to comfortably afford the median-priced home in The Woodlands, which exceeds the current median household income.
Monthly Payment Breakdown for The Woodlands
Based on the median home price of $288,000 with 20% down ($57,600), here is what you can expect to pay monthly in The Woodlands:
15-Year vs. 30-Year Mortgage in The Woodlands
Choosing a 15-year mortgage in The Woodlands at 6.09% instead of a 30-year at 6.87% would save you $192,780 in total interest over the life of the loan. However, your monthly payment would be $1,955 instead of $1,513 — an increase of $442 per month.
Calculate Your The Woodlands 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 The Woodlands
What are the current mortgage rates in The Woodlands, TX?
As of March 2026, the average 30-year fixed mortgage rate in The Woodlands, Texas is 6.87%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.22% above the national average of 6.65%.
How much is a monthly mortgage payment in The Woodlands?
Based on the median home price of $288,000 with 20% down, the estimated monthly mortgage payment in The Woodlands is $1,513 for principal and interest. Including property taxes of $427/month, the total monthly housing cost is approximately $1,940.
What income do I need to buy a home in The Woodlands?
Using the 28% rule, you would need an annual income of approximately $83,143 to afford the median-priced home in The Woodlands at $288,000. The median household income in The Woodlands is $65,900. This means most households would need to either earn above the median or consider homes below $288,000.
Is The Woodlands a good place to buy a home in 2026?
The Woodlands offers a below-average cost of living with a cost of living index of 90.5 (national average = 100). The property tax rate in Texas is 1.78%, which is above the national average. The Woodlands has a population of 116,278 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the The Woodlands, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.