Mortgage Rates in Drexel Heights, Arizona — March 2026
Updated March 2026 | Based on Drexel Heights market data and regional lending conditions
Drexel Heights is a growing city in Arizona with a population of 30,073. The current 30-year fixed mortgage rate in Drexel Heights is 6.81%, which is 0.16% above the national average. With a median home price of $383,000 and a 20% down payment of $76,600, homebuyers can expect a monthly principal and interest payment of approximately $2,000.
Current Mortgage Rates in Drexel Heights, AZ
Below are the current average mortgage rates available in the Drexel 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 | 6.81% | 6.65% | +0.16% |
| 15-Year Fixed | 6.04% | 5.89% | +0.15% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.06% | 6.85% | +0.21% |
Drexel Heights Housing Market Overview
The Drexel Heights housing market reflects moderate demand with prices near the national average. The median household income in Drexel Heights is $59,800, and the cost of living index is 94.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $93,771 to comfortably afford the median-priced home in Drexel Heights, which exceeds the current median household income.
Monthly Payment Breakdown for Drexel Heights
Based on the median home price of $383,000 with 20% down ($76,600), here is what you can expect to pay monthly in Drexel Heights:
15-Year vs. 30-Year Mortgage in Drexel Heights
Choosing a 15-year mortgage in Drexel Heights at 6.04% instead of a 30-year at 6.81% would save you $253,440 in total interest over the life of the loan. However, your monthly payment would be $2,592 instead of $2,000 — an increase of $592 per month.
Calculate Your Drexel 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 Drexel Heights
What are the current mortgage rates in Drexel Heights, AZ?
As of March 2026, the average 30-year fixed mortgage rate in Drexel Heights, Arizona is 6.81%, while the 15-year fixed rate is 6.04%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.16% above the national average of 6.65%.
How much is a monthly mortgage payment in Drexel Heights?
Based on the median home price of $383,000 with 20% down, the estimated monthly mortgage payment in Drexel Heights is $2,000 for principal and interest. Including property taxes of $188/month, the total monthly housing cost is approximately $2,188.
What income do I need to buy a home in Drexel Heights?
Using the 28% rule, you would need an annual income of approximately $93,771 to afford the median-priced home in Drexel Heights at $383,000. The median household income in Drexel Heights is $59,800. This means most households would need to either earn above the median or consider homes below $383,000.
Is Drexel Heights a good place to buy a home in 2026?
Drexel Heights offers a below-average cost of living with a cost of living index of 94.6 (national average = 100). The property tax rate in Arizona is 0.59%, which is below the national average. Drexel Heights has a population of 30,073 and offers a very affordable lifestyle.
Mortgage Rates in Other Arizona Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Drexel Heights, Arizona area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.