Mortgage Rates in West Plains, Missouri — March 2026
Updated March 2026 | Based on West Plains market data and regional lending conditions
West Plains is a growing city in Missouri with a population of 12,290. The current 30-year fixed mortgage rate in West Plains is 6.6%, which is 0.05% below the national average. With a median home price of $160,000 and a 20% down payment of $32,000, homebuyers can expect a monthly principal and interest payment of approximately $817.
Current Mortgage Rates in West Plains, MO
Below are the current average mortgage rates available in the West Plains 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.85% | 6.85% | 0% |
West Plains Housing Market Overview
The West Plains housing market offers relatively affordable housing compared to many major cities. The median household income in West Plains is $55,100, and the cost of living index is 87.1 (national average = 100). Based on the 28% affordability rule, the median income in West Plains is sufficient to afford the median-priced home.
Monthly Payment Breakdown for West Plains
Based on the median home price of $160,000 with 20% down ($32,000), here is what you can expect to pay monthly in West Plains:
15-Year vs. 30-Year Mortgage in West Plains
Choosing a 15-year mortgage in West Plains at 5.87% instead of a 30-year at 6.6% would save you $101,340 in total interest over the life of the loan. However, your monthly payment would be $1,071 instead of $817 — an increase of $254 per month.
Calculate Your West Plains 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 West Plains
What are the current mortgage rates in West Plains, MO?
As of March 2026, the average 30-year fixed mortgage rate in West Plains, Missouri is 6.6%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in West Plains?
Based on the median home price of $160,000 with 20% down, the estimated monthly mortgage payment in West Plains is $817 for principal and interest. Including property taxes of $125/month, the total monthly housing cost is approximately $942.
What income do I need to buy a home in West Plains?
Using the 28% rule, you would need an annual income of approximately $40,371 to afford the median-priced home in West Plains at $160,000. The median household income in West Plains is $55,100. The median income is currently sufficient to meet this threshold.
Is West Plains a good place to buy a home in 2026?
West Plains offers a below-average cost of living with a cost of living index of 87.1 (national average = 100). The property tax rate in Missouri is 0.94%, which is near the national average. West Plains has a population of 12,290 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the West Plains, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.