Mortgage Rates in Woodlawn, Maryland — March 2026
Updated March 2026 | Based on Woodlawn market data and regional lending conditions
Woodlawn is a growing city in Maryland with a population of 37,879. The current 30-year fixed mortgage rate in Woodlawn is 6.73%, which is 0.08% above the national average. With a median home price of $400,000 and a 20% down payment of $80,000, homebuyers can expect a monthly principal and interest payment of approximately $2,071.
Current Mortgage Rates in Woodlawn, MD
Below are the current average mortgage rates available in the Woodlawn 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 | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
Woodlawn Housing Market Overview
The Woodlawn housing market reflects moderate demand with prices near the national average. The median household income in Woodlawn is $87,100, and the cost of living index is 106.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $104,057 to comfortably afford the median-priced home in Woodlawn, which exceeds the current median household income.
Monthly Payment Breakdown for Woodlawn
Based on the median home price of $400,000 with 20% down ($80,000), here is what you can expect to pay monthly in Woodlawn:
15-Year vs. 30-Year Mortgage in Woodlawn
Choosing a 15-year mortgage in Woodlawn at 5.98% instead of a 30-year at 6.73% would save you $260,100 in total interest over the life of the loan. However, your monthly payment would be $2,697 instead of $2,071 — an increase of $626 per month.
Calculate Your Woodlawn 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 Woodlawn
What are the current mortgage rates in Woodlawn, MD?
As of March 2026, the average 30-year fixed mortgage rate in Woodlawn, Maryland is 6.73%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Woodlawn?
Based on the median home price of $400,000 with 20% down, the estimated monthly mortgage payment in Woodlawn is $2,071 for principal and interest. Including property taxes of $357/month, the total monthly housing cost is approximately $2,428.
What income do I need to buy a home in Woodlawn?
Using the 28% rule, you would need an annual income of approximately $104,057 to afford the median-priced home in Woodlawn at $400,000. The median household income in Woodlawn is $87,100. This means most households would need to either earn above the median or consider homes below $400,000.
Is Woodlawn a good place to buy a home in 2026?
Woodlawn has a moderate cost of living with a cost of living index of 106.1 (national average = 100). The property tax rate in Maryland is 1.07%, which is near the national average. Woodlawn has a population of 37,879 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Woodlawn, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.