Mortgage Rates in Flushing, Michigan — March 2026
Updated March 2026 | Based on Flushing market data and regional lending conditions
Flushing is a smaller Michigan community of 38,737 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.6% (0.05% below the national average). At a median home price of $185,000, the estimated $1,227/month payment (with 20% down) is affordable on the local median income of $63,500.
Current Mortgage Rates in Flushing, MI
Below are the current average mortgage rates available in the Flushing 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.85% | 6.85% | 0% |
Flushing Housing Market Overview
At $185,000, Flushing offers more affordable housing than most U.S. metros. The local cost of living index is 92.1 (100 = national average), and the median household income of $63,500 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Flushing
Based on the median home price of $185,000 with 20% down ($37,000), here is what you can expect to pay monthly in Flushing:
15-Year vs. 30-Year Mortgage in Flushing
Choosing a 15-year mortgage in Flushing at 5.87% instead of a 30-year at 6.6% would save you $117,180 in total interest over the life of the loan. However, your monthly payment would be $1,239 instead of $945 — an increase of $294 per month.
Calculate Your Flushing 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 Flushing
What are the current mortgage rates in Flushing, MI?
As of March 2026, the average 30-year fixed mortgage rate in Flushing, Michigan is 6.6%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Flushing?
Based on the median home price of $185,000 with 20% down, the estimated monthly mortgage payment in Flushing is $945 for principal and interest. Including property taxes of $282/month, the total monthly housing cost is approximately $1,227.
What income do I need to buy a home in Flushing?
Using the 28% rule, you would need an annual income of approximately $52,586 to afford the median-priced home in Flushing at $185,000. The median household income in Flushing is $63,500. The median income is currently sufficient to meet this threshold.
Is Flushing a good place to buy a home in 2026?
Flushing offers a below-average cost of living with a cost of living index of 92.1 (national average = 100). The property tax rate in Michigan is 1.83%, which is above the national average. Flushing has a population of 38,737 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Flushing, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.