Mortgage Rates in Camanche, Iowa — March 2026
Updated March 2026 | Based on Camanche market data and regional lending conditions
Camanche is a smaller Iowa community of 30,935 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.9% (0.25% above the national average). At a median home price of $175,000, the estimated $1,131/month payment (with 20% down) is affordable on the local median income of $61,000.
Current Mortgage Rates in Camanche, IA
Below are the current average mortgage rates available in the Camanche 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 | 6.9% | 6.65% | +0.25% |
| 15-Year Fixed | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.15% | 6.85% | +0.3% |
Camanche Housing Market Overview
At $175,000, Camanche offers more affordable housing than most U.S. metros. The local cost of living index is 94.5 (100 = national average), and the median household income of $61,000 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Camanche
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Camanche:
15-Year vs. 30-Year Mortgage in Camanche
Choosing a 15-year mortgage in Camanche at 6.11% instead of a 30-year at 6.9% would save you $117,720 in total interest over the life of the loan. However, your monthly payment would be $1,190 instead of $922 — an increase of $268 per month.
Calculate Your Camanche 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 Camanche
What are the current mortgage rates in Camanche, IA?
As of March 2026, the average 30-year fixed mortgage rate in Camanche, Iowa is 6.9%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.25% above the national average of 6.65%.
How much is a monthly mortgage payment in Camanche?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Camanche is $922 for principal and interest. Including property taxes of $209/month, the total monthly housing cost is approximately $1,131.
What income do I need to buy a home in Camanche?
Using the 28% rule, you would need an annual income of approximately $48,471 to afford the median-priced home in Camanche at $175,000. The median household income in Camanche is $61,000. The median income is currently sufficient to meet this threshold.
Is Camanche a good place to buy a home in 2026?
Camanche offers a below-average cost of living with a cost of living index of 94.5 (national average = 100). The property tax rate in Iowa is 1.43%, which is near the national average. Camanche has a population of 30,935 and offers a very affordable lifestyle.
Mortgage Rates in Other Iowa Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Camanche, Iowa area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.