Mortgage Rates in Cottonwood Heights, Utah — March 2026
Updated March 2026 | Based on Cottonwood Heights market data and regional lending conditions
Cottonwood Heights is a growing city in Utah with a population of 34,215. The current 30-year fixed mortgage rate in Cottonwood Heights is 6.63%, which is 0.02% below the national average. With a median home price of $473,000 and a 20% down payment of $94,600, homebuyers can expect a monthly principal and interest payment of approximately $2,424.
Current Mortgage Rates in Cottonwood Heights, UT
Below are the current average mortgage rates available in the Cottonwood Heights 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Cottonwood Heights Housing Market Overview
The Cottonwood Heights housing market reflects moderate demand with prices near the national average. The median household income in Cottonwood Heights is $65,700, and the cost of living index is 92 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $113,529 to comfortably afford the median-priced home in Cottonwood Heights, which exceeds the current median household income.
Monthly Payment Breakdown for Cottonwood Heights
Based on the median home price of $473,000 with 20% down ($94,600), here is what you can expect to pay monthly in Cottonwood Heights:
15-Year vs. 30-Year Mortgage in Cottonwood Heights
Choosing a 15-year mortgage in Cottonwood Heights at 5.89% instead of a 30-year at 6.63% would save you $301,860 in total interest over the life of the loan. However, your monthly payment would be $3,171 instead of $2,424 — an increase of $747 per month.
Calculate Your Cottonwood Heights 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 Cottonwood Heights
What are the current mortgage rates in Cottonwood Heights, UT?
As of March 2026, the average 30-year fixed mortgage rate in Cottonwood Heights, Utah is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Cottonwood Heights?
Based on the median home price of $473,000 with 20% down, the estimated monthly mortgage payment in Cottonwood Heights is $2,424 for principal and interest. Including property taxes of $225/month, the total monthly housing cost is approximately $2,649.
What income do I need to buy a home in Cottonwood Heights?
Using the 28% rule, you would need an annual income of approximately $113,529 to afford the median-priced home in Cottonwood Heights at $473,000. The median household income in Cottonwood Heights is $65,700. This means most households would need to either earn above the median or consider homes below $473,000.
Is Cottonwood Heights a good place to buy a home in 2026?
Cottonwood Heights offers a below-average cost of living with a cost of living index of 92 (national average = 100). The property tax rate in Utah is 0.57%, which is below the national average. Cottonwood Heights has a population of 34,215 and offers a very affordable lifestyle.
Mortgage Rates in Other Utah Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cottonwood Heights, Utah area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.