Mortgage Rates in Camp Springs, Maryland — March 2026
Updated March 2026 | Based on Camp Springs market data and regional lending conditions
Camp Springs is a growing city in Maryland with a population of 21,253. The current 30-year fixed mortgage rate in Camp Springs is 6.82%, which is 0.17% above the national average. With a median home price of $325,000 and a 20% down payment of $65,000, homebuyers can expect a monthly principal and interest payment of approximately $1,698.
Current Mortgage Rates in Camp Springs, MD
Below are the current average mortgage rates available in the Camp Springs 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 | 6.82% | 6.65% | +0.17% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.07% | 6.85% | +0.22% |
Camp Springs Housing Market Overview
The Camp Springs housing market reflects moderate demand with prices near the national average. The median household income in Camp Springs is $84,900, and the cost of living index is 112.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $85,329 to comfortably afford the median-priced home in Camp Springs, which exceeds the current median household income.
Monthly Payment Breakdown for Camp Springs
Based on the median home price of $325,000 with 20% down ($65,000), here is what you can expect to pay monthly in Camp Springs:
15-Year vs. 30-Year Mortgage in Camp Springs
Choosing a 15-year mortgage in Camp Springs at 6.05% instead of a 30-year at 6.82% would save you $215,100 in total interest over the life of the loan. However, your monthly payment would be $2,201 instead of $1,698 — an increase of $503 per month.
Calculate Your Camp Springs 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 Camp Springs
What are the current mortgage rates in Camp Springs, MD?
As of March 2026, the average 30-year fixed mortgage rate in Camp Springs, Maryland is 6.82%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Camp Springs?
Based on the median home price of $325,000 with 20% down, the estimated monthly mortgage payment in Camp Springs is $1,698 for principal and interest. Including property taxes of $293/month, the total monthly housing cost is approximately $1,991.
What income do I need to buy a home in Camp Springs?
Using the 28% rule, you would need an annual income of approximately $85,329 to afford the median-priced home in Camp Springs at $325,000. The median household income in Camp Springs is $84,900. This means most households would need to either earn above the median or consider homes below $325,000.
Is Camp Springs a good place to buy a home in 2026?
Camp Springs has a moderate cost of living with a cost of living index of 112.3 (national average = 100). The property tax rate in Maryland is 1.08%, which is near the national average. Camp Springs has a population of 21,253 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Camp Springs, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.