Mortgage Rates in Central Point, Oregon — March 2026
Updated March 2026 | Based on Central Point market data and regional lending conditions
Central Point is a growing city in Oregon with a population of 19,506. The current 30-year fixed mortgage rate in Central Point is 6.83%, which is 0.18% above the national average. With a median home price of $355,000 and a 20% down payment of $71,000, homebuyers can expect a monthly principal and interest payment of approximately $1,857.
Current Mortgage Rates in Central Point, OR
Below are the current average mortgage rates available in the Central Point 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Central Point Housing Market Overview
The Central Point housing market reflects moderate demand with prices near the national average. The median household income in Central Point is $61,200, and the cost of living index is 102.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $92,143 to comfortably afford the median-priced home in Central Point, which exceeds the current median household income.
Monthly Payment Breakdown for Central Point
Based on the median home price of $355,000 with 20% down ($71,000), here is what you can expect to pay monthly in Central Point:
15-Year vs. 30-Year Mortgage in Central Point
Choosing a 15-year mortgage in Central Point at 6.06% instead of a 30-year at 6.83% would save you $235,440 in total interest over the life of the loan. However, your monthly payment would be $2,406 instead of $1,857 — an increase of $549 per month.
Calculate Your Central Point 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 Central Point
What are the current mortgage rates in Central Point, OR?
As of March 2026, the average 30-year fixed mortgage rate in Central Point, Oregon is 6.83%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Central Point?
Based on the median home price of $355,000 with 20% down, the estimated monthly mortgage payment in Central Point is $1,857 for principal and interest. Including property taxes of $293/month, the total monthly housing cost is approximately $2,150.
What income do I need to buy a home in Central Point?
Using the 28% rule, you would need an annual income of approximately $92,143 to afford the median-priced home in Central Point at $355,000. The median household income in Central Point is $61,200. This means most households would need to either earn above the median or consider homes below $355,000.
Is Central Point a good place to buy a home in 2026?
Central Point has a moderate cost of living with a cost of living index of 102.7 (national average = 100). The property tax rate in Oregon is 0.99%, which is near the national average. Central Point has a population of 19,506 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 Central Point, Oregon area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.