Mortgage Rates in Bon Air, Virginia — March 2026
Updated March 2026 | Based on Bon Air market data and regional lending conditions
Bon Air is a growing city in Virginia with a population of 17,753. The current 30-year fixed mortgage rate in Bon Air is 6.77%, which is 0.12% above 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 $1,617.
Current Mortgage Rates in Bon Air, VA
Below are the current average mortgage rates available in the Bon Air 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% | 5.89% | +0.11% |
| 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% |
Bon Air Housing Market Overview
The Bon Air housing market reflects moderate demand with prices near the national average. The median household income in Bon Air is $66,400, and the cost of living index is 94.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $78,643 to comfortably afford the median-priced home in Bon Air, which exceeds the current median household income.
Monthly Payment Breakdown for Bon Air
Based on the median home price of $311,000 with 20% down ($62,200), here is what you can expect to pay monthly in Bon Air:
15-Year vs. 30-Year Mortgage in Bon Air
Choosing a 15-year mortgage in Bon Air at 6% instead of a 30-year at 6.77% would save you $204,120 in total interest over the life of the loan. However, your monthly payment would be $2,100 instead of $1,617 — an increase of $483 per month.
Calculate Your Bon Air 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 Bon Air
What are the current mortgage rates in Bon Air, VA?
As of March 2026, the average 30-year fixed mortgage rate in Bon Air, Virginia is 6.77%, while the 15-year fixed rate is 6%. 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 Bon Air?
Based on the median home price of $311,000 with 20% down, the estimated monthly mortgage payment in Bon Air is $1,617 for principal and interest. Including property taxes of $218/month, the total monthly housing cost is approximately $1,835.
What income do I need to buy a home in Bon Air?
Using the 28% rule, you would need an annual income of approximately $78,643 to afford the median-priced home in Bon Air at $311,000. The median household income in Bon Air is $66,400. This means most households would need to either earn above the median or consider homes below $311,000.
Is Bon Air a good place to buy a home in 2026?
Bon Air offers a below-average cost of living with a cost of living index of 94.3 (national average = 100). The property tax rate in Virginia is 0.84%, which is near the national average. Bon Air has a population of 17,753 and offers a very affordable 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 Bon Air, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.