Mortgage Rates in Benicia, California — March 2026
Updated March 2026 | Based on Benicia market data and regional lending conditions
Benicia is a growing city in California with a population of 28,158. The current 30-year fixed mortgage rate in Benicia is 6.77%, which is 0.12% above the national average. With a median home price of $661,000 and a 20% down payment of $132,200, homebuyers can expect a monthly principal and interest payment of approximately $3,437.
Current Mortgage Rates in Benicia, CA
Below are the current average mortgage rates available in the Benicia 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 | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6.01% | 5.89% | +0.12% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Benicia Housing Market Overview
The Benicia housing market is competitive with prices well above the national median. The median household income in Benicia is $66,400, and the cost of living index is 141.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $165,257 to comfortably afford the median-priced home in Benicia, which exceeds the current median household income.
Monthly Payment Breakdown for Benicia
Based on the median home price of $661,000 with 20% down ($132,200), here is what you can expect to pay monthly in Benicia:
15-Year vs. 30-Year Mortgage in Benicia
Choosing a 15-year mortgage in Benicia at 6.01% instead of a 30-year at 6.77% would save you $433,620 in total interest over the life of the loan. However, your monthly payment would be $4,465 instead of $3,437 — an increase of $1,028 per month.
Calculate Your Benicia 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 Benicia
What are the current mortgage rates in Benicia, CA?
As of March 2026, the average 30-year fixed mortgage rate in Benicia, California is 6.77%, while the 15-year fixed rate is 6.01%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Benicia?
Based on the median home price of $661,000 with 20% down, the estimated monthly mortgage payment in Benicia is $3,437 for principal and interest. Including property taxes of $419/month, the total monthly housing cost is approximately $3,856.
What income do I need to buy a home in Benicia?
Using the 28% rule, you would need an annual income of approximately $165,257 to afford the median-priced home in Benicia at $661,000. The median household income in Benicia is $66,400. This means most households would need to either earn above the median or consider homes below $661,000.
Is Benicia a good place to buy a home in 2026?
Benicia has a higher cost of living than average with a cost of living index of 141.7 (national average = 100). The property tax rate in California is 0.76%, which is below the national average. Benicia has a population of 28,158 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Benicia, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.