Mortgage Rates in Yakima, Washington — March 2026
Updated March 2026 | Based on Yakima market data and regional lending conditions
Yakima is a growing city in Washington with a population of 96,968. The current 30-year fixed mortgage rate in Yakima is 6.57%, which is 0.08% below the national average. With a median home price of $275,000 and a 20% down payment of $55,000, homebuyers can expect a monthly principal and interest payment of approximately $1,401.
Current Mortgage Rates in Yakima, WA
Below are the current average mortgage rates available in the Yakima 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 | 6.57% | 6.65% | -0.08% |
| 15-Year Fixed | 5.81% | 5.89% | -0.08% |
| 5/1 ARM | 6.07% | 6.15% | -0.08% |
| FHA | 6.17% | 6.25% | -0.08% |
| VA | 5.97% | 6.05% | -0.08% |
| Jumbo | 6.77% | 6.85% | -0.08% |
Yakima Housing Market Overview
The Yakima housing market offers relatively affordable housing compared to many major cities. The median household income in Yakima is $42,250, and the cost of living index is 88.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $69,171 to comfortably afford the median-priced home in Yakima, which exceeds the current median household income.
Monthly Payment Breakdown for Yakima
Based on the median home price of $275,000 with 20% down ($55,000), here is what you can expect to pay monthly in Yakima:
15-Year vs. 30-Year Mortgage in Yakima
Choosing a 15-year mortgage in Yakima at 5.81% instead of a 30-year at 6.57% would save you $174,240 in total interest over the life of the loan. However, your monthly payment would be $1,834 instead of $1,401 — an increase of $433 per month.
Calculate Your Yakima 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 Yakima
What are the current mortgage rates in Yakima, WA?
As of March 2026, the average 30-year fixed mortgage rate in Yakima, Washington is 6.57%, while the 15-year fixed rate is 5.81%. FHA loans average 6.17% and VA loans 5.97%. These rates are 0.08% below the national average of 6.65%.
How much is a monthly mortgage payment in Yakima?
Based on the median home price of $275,000 with 20% down, the estimated monthly mortgage payment in Yakima is $1,401 for principal and interest. Including property taxes of $213/month, the total monthly housing cost is approximately $1,614.
What income do I need to buy a home in Yakima?
Using the 28% rule, you would need an annual income of approximately $69,171 to afford the median-priced home in Yakima at $275,000. The median household income in Yakima is $42,250. This means most households would need to either earn above the median or consider homes below $275,000.
Is Yakima a good place to buy a home in 2026?
Yakima offers a below-average cost of living with a cost of living index of 88.5 (national average = 100). The property tax rate in Washington is 0.93%, which is near the national average. Yakima has a population of 96,968 and offers a very affordable lifestyle.
Mortgage Rates in Other Washington Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Yakima, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.