Mortgage Rates in Boardman, Ohio — March 2026
Updated March 2026 | Based on Boardman market data and regional lending conditions
Boardman is a growing city in Ohio with a population of 35,282. The current 30-year fixed mortgage rate in Boardman is 6.8%, which is 0.15% above the national average. With a median home price of $183,000 and a 20% down payment of $36,600, homebuyers can expect a monthly principal and interest payment of approximately $954.
Current Mortgage Rates in Boardman, OH
Below are the current average mortgage rates available in the Boardman 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% |
Boardman Housing Market Overview
The Boardman housing market offers relatively affordable housing compared to many major cities. The median household income in Boardman is $52,300, and the cost of living index is 80.3 (national average = 100). Based on the 28% affordability rule, the median income in Boardman is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Boardman
Based on the median home price of $183,000 with 20% down ($36,600), here is what you can expect to pay monthly in Boardman:
15-Year vs. 30-Year Mortgage in Boardman
Choosing a 15-year mortgage in Boardman at 6.03% instead of a 30-year at 6.8% would save you $120,600 in total interest over the life of the loan. However, your monthly payment would be $1,238 instead of $954 — an increase of $284 per month.
Calculate Your Boardman 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 Boardman
What are the current mortgage rates in Boardman, OH?
As of March 2026, the average 30-year fixed mortgage rate in Boardman, Ohio 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 Boardman?
Based on the median home price of $183,000 with 20% down, the estimated monthly mortgage payment in Boardman is $954 for principal and interest. Including property taxes of $233/month, the total monthly housing cost is approximately $1,187.
What income do I need to buy a home in Boardman?
Using the 28% rule, you would need an annual income of approximately $50,871 to afford the median-priced home in Boardman at $183,000. The median household income in Boardman is $52,300. The median income is currently sufficient to meet this threshold.
Is Boardman a good place to buy a home in 2026?
Boardman offers a below-average cost of living with a cost of living index of 80.3 (national average = 100). The property tax rate in Ohio is 1.53%, which is above the national average. Boardman has a population of 35,282 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Boardman, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.