Mortgage Rates in Elkhorn, Nebraska — March 2026
Updated March 2026 | Based on Elkhorn market data and regional lending conditions
Elkhorn is a growing city in Nebraska with a population of 9,217. The current 30-year fixed mortgage rate in Elkhorn is 6.86%, which is 0.21% above the national average. With a median home price of $186,000 and a 20% down payment of $37,200, homebuyers can expect a monthly principal and interest payment of approximately $976.
Current Mortgage Rates in Elkhorn, NE
Below are the current average mortgage rates available in the Elkhorn 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 | 6.86% | 6.65% | +0.21% |
| 15-Year Fixed | 6.08% | 5.89% | +0.19% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.11% | 6.85% | +0.26% |
Elkhorn Housing Market Overview
The Elkhorn housing market offers relatively affordable housing compared to many major cities. The median household income in Elkhorn is $61,100, and the cost of living index is 85.5 (national average = 100). Based on the 28% affordability rule, the median income in Elkhorn is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Elkhorn
Based on the median home price of $186,000 with 20% down ($37,200), here is what you can expect to pay monthly in Elkhorn:
15-Year vs. 30-Year Mortgage in Elkhorn
Choosing a 15-year mortgage in Elkhorn at 6.08% instead of a 30-year at 6.86% would save you $124,200 in total interest over the life of the loan. However, your monthly payment would be $1,262 instead of $976 — an increase of $286 per month.
Calculate Your Elkhorn 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 Elkhorn
What are the current mortgage rates in Elkhorn, NE?
As of March 2026, the average 30-year fixed mortgage rate in Elkhorn, Nebraska is 6.86%, while the 15-year fixed rate is 6.08%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.21% above the national average of 6.65%.
How much is a monthly mortgage payment in Elkhorn?
Based on the median home price of $186,000 with 20% down, the estimated monthly mortgage payment in Elkhorn is $976 for principal and interest. Including property taxes of $245/month, the total monthly housing cost is approximately $1,221.
What income do I need to buy a home in Elkhorn?
Using the 28% rule, you would need an annual income of approximately $52,329 to afford the median-priced home in Elkhorn at $186,000. The median household income in Elkhorn is $61,100. The median income is currently sufficient to meet this threshold.
Is Elkhorn a good place to buy a home in 2026?
Elkhorn offers a below-average cost of living with a cost of living index of 85.5 (national average = 100). The property tax rate in Nebraska is 1.58%, which is above the national average. Elkhorn has a population of 9,217 and offers a very affordable lifestyle.
Mortgage Rates in Other Nebraska Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Elkhorn, Nebraska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.