Mortgage Rates in Ennis, Texas — March 2026
Updated March 2026 | Based on Ennis market data and regional lending conditions
Ennis is a growing city in Texas with a population of 19,786. The current 30-year fixed mortgage rate in Ennis is 6.68%, which is 0.03% above the national average. With a median home price of $258,000 and a 20% down payment of $51,600, homebuyers can expect a monthly principal and interest payment of approximately $1,329.
Current Mortgage Rates in Ennis, TX
Below are the current average mortgage rates available in the Ennis 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 | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Ennis Housing Market Overview
The Ennis housing market offers relatively affordable housing compared to many major cities. The median household income in Ennis is $65,500, and the cost of living index is 86.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $73,457 to comfortably afford the median-priced home in Ennis, which exceeds the current median household income.
Monthly Payment Breakdown for Ennis
Based on the median home price of $258,000 with 20% down ($51,600), here is what you can expect to pay monthly in Ennis:
15-Year vs. 30-Year Mortgage in Ennis
Choosing a 15-year mortgage in Ennis at 5.93% instead of a 30-year at 6.68% would save you $166,320 in total interest over the life of the loan. However, your monthly payment would be $1,734 instead of $1,329 — an increase of $405 per month.
Calculate Your Ennis Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Ennis
What are the current mortgage rates in Ennis, TX?
As of March 2026, the average 30-year fixed mortgage rate in Ennis, Texas is 6.68%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Ennis?
Based on the median home price of $258,000 with 20% down, the estimated monthly mortgage payment in Ennis is $1,329 for principal and interest. Including property taxes of $385/month, the total monthly housing cost is approximately $1,714.
What income do I need to buy a home in Ennis?
Using the 28% rule, you would need an annual income of approximately $73,457 to afford the median-priced home in Ennis at $258,000. The median household income in Ennis is $65,500. This means most households would need to either earn above the median or consider homes below $258,000.
Is Ennis a good place to buy a home in 2026?
Ennis offers a below-average cost of living with a cost of living index of 86.6 (national average = 100). The property tax rate in Texas is 1.79%, which is above the national average. Ennis has a population of 19,786 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ennis, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.