Mortgage Rates in Cedar Mill, Oregon — March 2026
Updated March 2026 | Based on Cedar Mill market data and regional lending conditions
Cedar Mill is a growing city in Oregon with a population of 18,544. The current 30-year fixed mortgage rate in Cedar Mill is 6.88%, which is 0.23% above the national average. With a median home price of $424,000 and a 20% down payment of $84,800, homebuyers can expect a monthly principal and interest payment of approximately $2,229.
Current Mortgage Rates in Cedar Mill, OR
Below are the current average mortgage rates available in the Cedar Mill 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Cedar Mill Housing Market Overview
The Cedar Mill housing market reflects moderate demand with prices near the national average. The median household income in Cedar Mill is $67,700, and the cost of living index is 101.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $110,229 to comfortably afford the median-priced home in Cedar Mill, which exceeds the current median household income.
Monthly Payment Breakdown for Cedar Mill
Based on the median home price of $424,000 with 20% down ($84,800), here is what you can expect to pay monthly in Cedar Mill:
15-Year vs. 30-Year Mortgage in Cedar Mill
Choosing a 15-year mortgage in Cedar Mill at 6.09% instead of a 30-year at 6.88% would save you $284,220 in total interest over the life of the loan. However, your monthly payment would be $2,879 instead of $2,229 — an increase of $650 per month.
Calculate Your Cedar Mill 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 Cedar Mill
What are the current mortgage rates in Cedar Mill, OR?
As of March 2026, the average 30-year fixed mortgage rate in Cedar Mill, Oregon is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Cedar Mill?
Based on the median home price of $424,000 with 20% down, the estimated monthly mortgage payment in Cedar Mill is $2,229 for principal and interest. Including property taxes of $343/month, the total monthly housing cost is approximately $2,572.
What income do I need to buy a home in Cedar Mill?
Using the 28% rule, you would need an annual income of approximately $110,229 to afford the median-priced home in Cedar Mill at $424,000. The median household income in Cedar Mill is $67,700. This means most households would need to either earn above the median or consider homes below $424,000.
Is Cedar Mill a good place to buy a home in 2026?
Cedar Mill has a moderate cost of living with a cost of living index of 101.9 (national average = 100). The property tax rate in Oregon is 0.97%, which is near the national average. Cedar Mill has a population of 18,544 and offers a balanced lifestyle.
Mortgage Rates in Other Oregon Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cedar Mill, Oregon area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.