Mortgage Rates in Cranberry Township, Pennsylvania — March 2026
Updated March 2026 | Based on Cranberry Township market data and regional lending conditions
Cranberry Township is a growing city in Pennsylvania with a population of 32,100. The current 30-year fixed mortgage rate in Cranberry Township is 6.82%, which is 0.17% above the national average. With a median home price of $249,000 and a 20% down payment of $49,800, homebuyers can expect a monthly principal and interest payment of approximately $1,301.
Current Mortgage Rates in Cranberry Township, PA
Below are the current average mortgage rates available in the Cranberry Township 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% |
Cranberry Township Housing Market Overview
The Cranberry Township housing market offers relatively affordable housing compared to many major cities. The median household income in Cranberry Township is $54,200, and the cost of living index is 97.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $67,757 to comfortably afford the median-priced home in Cranberry Township, which exceeds the current median household income.
Monthly Payment Breakdown for Cranberry Township
Based on the median home price of $249,000 with 20% down ($49,800), here is what you can expect to pay monthly in Cranberry Township:
15-Year vs. 30-Year Mortgage in Cranberry Township
Choosing a 15-year mortgage in Cranberry Township at 6.05% instead of a 30-year at 6.82% would save you $164,880 in total interest over the life of the loan. However, your monthly payment would be $1,686 instead of $1,301 — an increase of $385 per month.
Calculate Your Cranberry Township 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 Cranberry Township
What are the current mortgage rates in Cranberry Township, PA?
As of March 2026, the average 30-year fixed mortgage rate in Cranberry Township, Pennsylvania 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 Cranberry Township?
Based on the median home price of $249,000 with 20% down, the estimated monthly mortgage payment in Cranberry Township is $1,301 for principal and interest. Including property taxes of $280/month, the total monthly housing cost is approximately $1,581.
What income do I need to buy a home in Cranberry Township?
Using the 28% rule, you would need an annual income of approximately $67,757 to afford the median-priced home in Cranberry Township at $249,000. The median household income in Cranberry Township is $54,200. This means most households would need to either earn above the median or consider homes below $249,000.
Is Cranberry Township a good place to buy a home in 2026?
Cranberry Township offers a below-average cost of living with a cost of living index of 97.5 (national average = 100). The property tax rate in Pennsylvania is 1.35%, which is near the national average. Cranberry Township has a population of 32,100 and offers a balanced lifestyle.
Mortgage Rates in Other Pennsylvania Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cranberry Township, Pennsylvania area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.