Mortgage Rates in Fairview Park, Ohio — March 2026
Updated March 2026 | Based on Fairview Park market data and regional lending conditions
Fairview Park is a growing city in Ohio with a population of 16,365. The current 30-year fixed mortgage rate in Fairview Park is 6.88%, which is 0.23% above the national average. With a median home price of $170,000 and a 20% down payment of $34,000, homebuyers can expect a monthly principal and interest payment of approximately $894.
Current Mortgage Rates in Fairview Park, OH
Below are the current average mortgage rates available in the Fairview Park 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Fairview Park Housing Market Overview
The Fairview Park housing market offers relatively affordable housing compared to many major cities. The median household income in Fairview Park is $47,000, and the cost of living index is 82.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $47,314 to comfortably afford the median-priced home in Fairview Park, which exceeds the current median household income.
Monthly Payment Breakdown for Fairview Park
Based on the median home price of $170,000 with 20% down ($34,000), here is what you can expect to pay monthly in Fairview Park:
15-Year vs. 30-Year Mortgage in Fairview Park
Choosing a 15-year mortgage in Fairview Park at 6.1% instead of a 30-year at 6.88% would save you $113,940 in total interest over the life of the loan. However, your monthly payment would be $1,155 instead of $894 — an increase of $261 per month.
Calculate Your Fairview Park 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 Fairview Park
What are the current mortgage rates in Fairview Park, OH?
As of March 2026, the average 30-year fixed mortgage rate in Fairview Park, Ohio is 6.88%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Fairview Park?
Based on the median home price of $170,000 with 20% down, the estimated monthly mortgage payment in Fairview Park is $894 for principal and interest. Including property taxes of $210/month, the total monthly housing cost is approximately $1,104.
What income do I need to buy a home in Fairview Park?
Using the 28% rule, you would need an annual income of approximately $47,314 to afford the median-priced home in Fairview Park at $170,000. The median household income in Fairview Park is $47,000. This means most households would need to either earn above the median or consider homes below $170,000.
Is Fairview Park a good place to buy a home in 2026?
Fairview Park offers a below-average cost of living with a cost of living index of 82.8 (national average = 100). The property tax rate in Ohio is 1.48%, which is near the national average. Fairview Park has a population of 16,365 and offers a very affordable lifestyle.
Mortgage Rates in Other Ohio Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Fairview Park, Ohio area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.