Mortgage Rates in Wharton, Texas — March 2026
Updated March 2026 | Based on Wharton market data and regional lending conditions
Wharton is a growing city in Texas with a population of 8,631. The current 30-year fixed mortgage rate in Wharton is 6.88%, which is 0.23% above the national average. With a median home price of $212,000 and a 20% down payment of $42,400, homebuyers can expect a monthly principal and interest payment of approximately $1,115.
Current Mortgage Rates in Wharton, TX
Below are the current average mortgage rates available in the Wharton 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Wharton Housing Market Overview
The Wharton housing market offers relatively affordable housing compared to many major cities. The median household income in Wharton is $60,500, and the cost of living index is 89.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $61,800 to comfortably afford the median-priced home in Wharton, which exceeds the current median household income.
Monthly Payment Breakdown for Wharton
Based on the median home price of $212,000 with 20% down ($42,400), here is what you can expect to pay monthly in Wharton:
15-Year vs. 30-Year Mortgage in Wharton
Choosing a 15-year mortgage in Wharton at 6.09% instead of a 30-year at 6.88% would save you $142,380 in total interest over the life of the loan. However, your monthly payment would be $1,439 instead of $1,115 — an increase of $324 per month.
Calculate Your Wharton Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Wharton
What are the current mortgage rates in Wharton, TX?
As of March 2026, the average 30-year fixed mortgage rate in Wharton, Texas is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Wharton?
Based on the median home price of $212,000 with 20% down, the estimated monthly mortgage payment in Wharton is $1,115 for principal and interest. Including property taxes of $327/month, the total monthly housing cost is approximately $1,442.
What income do I need to buy a home in Wharton?
Using the 28% rule, you would need an annual income of approximately $61,800 to afford the median-priced home in Wharton at $212,000. The median household income in Wharton is $60,500. This means most households would need to either earn above the median or consider homes below $212,000.
Is Wharton a good place to buy a home in 2026?
Wharton offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Texas is 1.85%, which is above the national average. Wharton has a population of 8,631 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Wharton, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.