Mortgage Rates in Greenfield, Indiana — March 2026
Updated March 2026 | Based on Greenfield market data and regional lending conditions
Greenfield is a growing city in Indiana with a population of 23,560. The current 30-year fixed mortgage rate in Greenfield is 6.83%, which is 0.18% above the national average. With a median home price of $193,000 and a 20% down payment of $38,600, homebuyers can expect a monthly principal and interest payment of approximately $1,010.
Current Mortgage Rates in Greenfield, IN
Below are the current average mortgage rates available in the Greenfield 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 | 6.83% | 6.65% | +0.18% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.08% | 6.85% | +0.23% |
Greenfield Housing Market Overview
The Greenfield housing market offers relatively affordable housing compared to many major cities. The median household income in Greenfield is $47,900, and the cost of living index is 80.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $48,857 to comfortably afford the median-priced home in Greenfield, which exceeds the current median household income.
Monthly Payment Breakdown for Greenfield
Based on the median home price of $193,000 with 20% down ($38,600), here is what you can expect to pay monthly in Greenfield:
15-Year vs. 30-Year Mortgage in Greenfield
Choosing a 15-year mortgage in Greenfield at 6.05% instead of a 30-year at 6.83% would save you $128,340 in total interest over the life of the loan. However, your monthly payment would be $1,307 instead of $1,010 — an increase of $297 per month.
Calculate Your Greenfield Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Greenfield
What are the current mortgage rates in Greenfield, IN?
As of March 2026, the average 30-year fixed mortgage rate in Greenfield, Indiana is 6.83%, while the 15-year fixed rate is 6.05%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.18% above the national average of 6.65%.
How much is a monthly mortgage payment in Greenfield?
Based on the median home price of $193,000 with 20% down, the estimated monthly mortgage payment in Greenfield is $1,010 for principal and interest. Including property taxes of $130/month, the total monthly housing cost is approximately $1,140.
What income do I need to buy a home in Greenfield?
Using the 28% rule, you would need an annual income of approximately $48,857 to afford the median-priced home in Greenfield at $193,000. The median household income in Greenfield is $47,900. This means most households would need to either earn above the median or consider homes below $193,000.
Is Greenfield a good place to buy a home in 2026?
Greenfield offers a below-average cost of living with a cost of living index of 80.6 (national average = 100). The property tax rate in Indiana is 0.81%, which is near the national average. Greenfield has a population of 23,560 and offers a very affordable lifestyle.
Mortgage Rates in Other Indiana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Greenfield, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.