Mortgage Rates in Bemidji, Minnesota — March 2026
Updated March 2026 | Based on Bemidji market data and regional lending conditions
Bemidji is a growing city in Minnesota with a population of 16,069. The current 30-year fixed mortgage rate in Bemidji is 6.63%, which is 0.02% below the national average. With a median home price of $311,000 and a 20% down payment of $62,200, homebuyers can expect a monthly principal and interest payment of approximately $1,594.
Current Mortgage Rates in Bemidji, MN
Below are the current average mortgage rates available in the Bemidji 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Bemidji Housing Market Overview
The Bemidji housing market reflects moderate demand with prices near the national average. The median household income in Bemidji is $65,200, and the cost of living index is 96.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $80,743 to comfortably afford the median-priced home in Bemidji, which exceeds the current median household income.
Monthly Payment Breakdown for Bemidji
Based on the median home price of $311,000 with 20% down ($62,200), here is what you can expect to pay monthly in Bemidji:
15-Year vs. 30-Year Mortgage in Bemidji
Choosing a 15-year mortgage in Bemidji at 5.89% instead of a 30-year at 6.63% would save you $198,540 in total interest over the life of the loan. However, your monthly payment would be $2,085 instead of $1,594 — an increase of $491 per month.
Calculate Your Bemidji 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 Bemidji
What are the current mortgage rates in Bemidji, MN?
As of March 2026, the average 30-year fixed mortgage rate in Bemidji, Minnesota is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Bemidji?
Based on the median home price of $311,000 with 20% down, the estimated monthly mortgage payment in Bemidji is $1,594 for principal and interest. Including property taxes of $290/month, the total monthly housing cost is approximately $1,884.
What income do I need to buy a home in Bemidji?
Using the 28% rule, you would need an annual income of approximately $80,743 to afford the median-priced home in Bemidji at $311,000. The median household income in Bemidji is $65,200. This means most households would need to either earn above the median or consider homes below $311,000.
Is Bemidji a good place to buy a home in 2026?
Bemidji offers a below-average cost of living with a cost of living index of 96.2 (national average = 100). The property tax rate in Minnesota is 1.12%, which is near the national average. Bemidji has a population of 16,069 and offers a balanced lifestyle.
Mortgage Rates in Other Minnesota Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bemidji, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.