Mortgage Rates in Bailey's Crossroads, Virginia — March 2026
Updated March 2026 | Based on Bailey's Crossroads market data and regional lending conditions
Bailey's Crossroads is a growing city in Virginia with a population of 24,813. The current 30-year fixed mortgage rate in Bailey's Crossroads is 6.8%, which is 0.15% above the national average. With a median home price of $332,000 and a 20% down payment of $66,400, homebuyers can expect a monthly principal and interest payment of approximately $1,732.
Current Mortgage Rates in Bailey's Crossroads, VA
Below are the current average mortgage rates available in the Bailey's Crossroads 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 | 6.8% | 6.65% | +0.15% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.05% | 6.85% | +0.2% |
Bailey's Crossroads Housing Market Overview
The Bailey's Crossroads housing market reflects moderate demand with prices near the national average. The median household income in Bailey's Crossroads is $73,400, and the cost of living index is 95.4 (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 Bailey's Crossroads, which exceeds the current median household income.
Monthly Payment Breakdown for Bailey's Crossroads
Based on the median home price of $332,000 with 20% down ($66,400), here is what you can expect to pay monthly in Bailey's Crossroads:
15-Year vs. 30-Year Mortgage in Bailey's Crossroads
Choosing a 15-year mortgage in Bailey's Crossroads at 6.03% instead of a 30-year at 6.8% would save you $219,240 in total interest over the life of the loan. However, your monthly payment would be $2,246 instead of $1,732 — an increase of $514 per month.
Calculate Your Bailey's Crossroads Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Bailey's Crossroads
What are the current mortgage rates in Bailey's Crossroads, VA?
As of March 2026, the average 30-year fixed mortgage rate in Bailey's Crossroads, Virginia is 6.8%, while the 15-year fixed rate is 6.03%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.15% above the national average of 6.65%.
How much is a monthly mortgage payment in Bailey's Crossroads?
Based on the median home price of $332,000 with 20% down, the estimated monthly mortgage payment in Bailey's Crossroads is $1,732 for principal and interest. Including property taxes of $208/month, the total monthly housing cost is approximately $1,940.
What income do I need to buy a home in Bailey's Crossroads?
Using the 28% rule, you would need an annual income of approximately $83,143 to afford the median-priced home in Bailey's Crossroads at $332,000. The median household income in Bailey's Crossroads is $73,400. This means most households would need to either earn above the median or consider homes below $332,000.
Is Bailey's Crossroads a good place to buy a home in 2026?
Bailey's Crossroads offers a below-average cost of living with a cost of living index of 95.4 (national average = 100). The property tax rate in Virginia is 0.75%, which is below the national average. Bailey's Crossroads has a population of 24,813 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bailey's Crossroads, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.